Technical Analysis, Energy Cryptos and Energy Equity Markets

dc.contributor.author Gurrib, Ikhlaas
dc.date.accessioned 2022-04-25T11:48:24Z
dc.date.available 2022-04-25T11:48:24Z
dc.date.copyright © 2022
dc.date.issued 2022-03-20
dc.description This article is not available at CUD collection. The version of scholarly record of this paper is published in International Journal of Energy Economics and Policy (2022), available online at: https://doi.org/10.32479/ijeep.11015 en_US
dc.description.abstract This paper principally assesses the use of technical trading strategies in forecasting both leading US energy equity prices and cryptos. Specifically, both Fibonacci and crossover strategies are integrated in a trading system. Both Sharpe and Sharpe per trade are used as performance measures, including benchmarking our model with the traditional buy-and-hold model. Leading market-capitalized weighted energy stocks from the S&P Composite 1500 Energy Index are used, with daily energy equity prices over the period 2017-2020. Findings suggest that the widely used Fibonacci tool tracks price movements of energy stocks better than for energy cryptocurrencies. Moreover, the technical analysis indicator tends to capture falling prices during bullish episodes better than rising prices during bearish ones. Although a Fibonacci coupled with a crossover strategy results in a superior model than the buy-and-hold, performance measures including Sharpe values were low, suggesting more factors such as macroeconomic variables can be included to enhance the model performance. © 2022, Econjournals. All rights reserved. en_US
dc.identifier.citation Gurrib, I. (2022). Technical analysis, energy cryptos and energy equity markets. International Journal of Energy Economics and Policy, 12(2), 249-267. https://doi.org/10.32479/ijeep.11015 en_US
dc.identifier.issn 21464553
dc.identifier.uri https://doi.org/10.32479/ijeep.11015
dc.identifier.uri http://hdl.handle.net/20.500.12519/553
dc.language.iso en en_US
dc.publisher Econjournals en_US
dc.relation Authors Affiliations : Gurrib, I., Canadian University Dubai, Faculty of Management, School of Graduate Studies, United Arab Emirates
dc.relation.ispartofseries International Journal of Energy Economics and Policy;Volume 12, Issue 2
dc.rights Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License
dc.rights.holder Copyright : © 2022, Econjournals. All rights reserved.
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subject Energy Markets en_US
dc.subject Technical Analysis en_US
dc.subject Trading Performance en_US
dc.title Technical Analysis, Energy Cryptos and Energy Equity Markets en_US
dc.type Article en_US
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