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Investtech Indices
Research Results – Short and Long Term Trends
a) Norway.
b) Sweden.
c) Denmark.
d) Finland.
Figure 1: Short term. Average price development for stocks in rising and falling trends in Investtech’s short term technical charts.
a) Norway.
b) Sweden.
c) Denmark.
d) Finland.
Figure 2: Long term. Average price development for stocks in rising and falling trends in Investtech’s long term technical charts.
| Relative return, stocks in rising trends | Norway | Sweden | Denmark | Finland | Weighted average |
| Short term | 2.4 ppt | 1.7 ppt | 1.9 ppt | 0.9 ppt | 1.9 ppt |
| Medium long term | 2.3 ppt | 1.5 ppt | 2.3 ppt | 0.2 ppt | 1.8 ppt |
| Long term | 1.3 ppt | 0.4 ppt | 1.7 ppt | -0.6 ppt | 0.8 ppt |
| Relative return, stocks in falling trends | Norway | Sweden | Denmark | Finland | Weighted average |
| Short term | -2.7 ppt | -1.7 ppt | -3.1 ppt | -1.8 ppt | -2.2 ppt |
| Medium long term | -3.2 ppt | -2.0 ppt | -4.9 ppt | -2.0 ppt | -2.8 ppt |
| Long term | -1.5 ppt | -0.5 ppt | -3.0 ppt | +0.4 ppt | -1.2 ppt |
ppt: percentage points
The charts and table above show that stocks in rising trends have continued upwards, more so than the market, for short, medium long and long term trends. The rise is most significant for the short term and medium long term tends, but also the long term charts show significant positive covariation between rising trend and excess return in three months.
Falling trends give a good indicator of negative excess return in the short, medium long and long term. The connection is clearer for short and medium term, also significant in the long term.
To learn more....
• Rising trend. Read the theory and see which stocks are in a rising trend now.
• Falling trend. Read the theory and see which are in a falling trend now.
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The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.
Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer.
The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.
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