| Presentation | 2019-11-30 Approach to compare stock markets from view of profit forecasting Yoshihisa Udagawa, |
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| PDF Download Page |  PDF download Page Link |
| Abstract(in Japanese) | (See Japanese page) |
| Abstract(in English) | Candlestick charting is one of the most popular techniques used to predict short-term stock price trends. Despite of the popularity, there is still no consistent conclusion for the predictability of the technique mainly due to qualitative description of candlestick patterns. This paper proposes a retrieval model with six parameters that allows us to define both candlestick patterns and price zones. Because criteria that trigger exit from a market largely affect profits and losses, we propose three market exit criteria. Simulations to estimate profits are performed using five global markets with approximately the same parameters for the retrieval model and the market exit criteria. The results of simulations indicate that the proposed method leads to trades with around 85% of successful stock transactions in the case of a typical uptrend candlestick pattern. Five global markets are also analyzed and compared to show the profitability of the markets based on simulated profits. |
| Keyword(in Japanese) | (See Japanese page) |
| Keyword(in English) | Stock price prediction / Technical analysis / Candlestick charts / Market exit criteria / Profit simulation / Global market comparison |
| Paper # | SWIM2019-23 |
| Date of Issue | 2019-11-23 (SWIM) |
| Conference Information | |
| Committee | SWIM |
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| Conference Date | 2019/11/30(1days) |
| Place (in Japanese) | (See Japanese page) |
| Place (in English) | TUS Kagurazaka Campus Fujimi Bldg. |
| Topics (in Japanese) | (See Japanese page) |
| Topics (in English) | Management and Internet Technology, general |
| Chair | Tadashi Ogino(Meisei Univ.) |
| Vice Chair | Masahiko Ishino(Bunkyo Univ.) |
| Secretary | Masahiko Ishino(Hosei Univ.) |
| Assistant | Shinya Nogami(Tokyo Univ. of Science) / Koji Yamada(Osaka Sangyo Univ.) |
| Paper Information | |
| Registration To | Technical Committee on Software Interprise Modeling |
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| Language | JPN |
| Title (in Japanese) | (See Japanese page) |
| Sub Title (in Japanese) | (See Japanese page) |
| Title (in English) | Approach to compare stock markets from view of profit forecasting |
| Sub Title (in English) | Proposal of time series statistical index |
| Keyword(1) | Stock price prediction |
| Keyword(2) | Technical analysis |
| Keyword(3) | Candlestick charts |
| Keyword(4) | Market exit criteria |
| Keyword(5) | Profit simulation |
| Keyword(6) | Global market comparison |
| 1st Author's Name | Yoshihisa Udagawa |
| 1st Author's Affiliation | Tokyo University of Information Sciences(Tokyo University of Information Sciences) |
| Date | 2019-11-30 |
| Paper # | SWIM2019-23 |
| Volume (vol) | vol.119 |
| Number (no) | SWIM-319 |
| Page | pp.pp.21-28(SWIM), |
| #Pages | 8 |
| Date of Issue | 2019-11-23 (SWIM) |