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Can investors gain from investing in certain sectors?

Version 2 2024-06-13, 10:25
Version 1 2017-03-03, 12:48
journal contribution
posted on 2024-06-13, 10:25 authored by P Narayan, H Ali Ahmed, S Narayan
In this paper, we analyse investor behaviour on the NYSE. We show that average returns from dynamic trading strategies, regardless of the different portfolio constraints, out-perform passive trading strategies in all sectors. In addition, the performance of dynamic strategies is much more impressive in some sectors than in others. We also undertake a profitability and safety analysis based on a portfolio of high-performing sectors and show that at higher levels of expected returns, a rise in profitability comes at the expense of less safety. Our results, on the whole, reveal that investors' can gain substantially by investing in certain sectors.

History

Journal

Journal of international financial markets, institutions and money

Volume

48

Pagination

160-177

Location

Amsterdam, The Netherlands

ISSN

1042-4431

Language

eng

Publication classification

C Journal article, C1 Refereed article in a scholarly journal

Copyright notice

2017, Elsevier B.V.

Publisher

Elsevier