Enhancing Investment Profitability: Study on Contrarian Technical Strategies in Brent Crude Oil Markets
學年 113
學期 2
出版（發表）日期 2025-05-24
作品名稱 Enhancing Investment Profitability: Study on Contrarian Technical Strategies in Brent Crude Oil Markets
作品名稱（其他語言）
著者 Huang P; Ni Y; Day MY; Chen Y
單位
出版者
著錄名稱、卷期、頁數 Energies 2025 18(11), p.2735
摘要 In the context of heightened oil price volatility, mastering technical trading strategies is essential for informed investment and sound decision making. This study explores the effectiveness of contrarian technical trading strategies in the Brent crude oil market, aiming to enhance returns in the face of persistent market fluctuations. Utilizing historical price data, this research formulates trading rules based on overbought and oversold signals derived from the Relative Strength Index (RSI) and the Stochastic Oscillator Indicator (SOI). It assesses their performance through a range of Average Holding Period Return (AHPR) metrics, emphasizing the 250-day AHPR as a proxy for one-year returns. The findings show that RSI-based strategies, especially those using a threshold of 25, are most effective in oversold conditions, achieving peak profitability of over 40% in Quarter 2. The conclusions highlight the importance of parameter flexibility, strategic timing, and responsiveness to market dynamics in optimizing the contrarian strategy performance. The implications suggest investors and managers can refine strategies by accounting for behavioral biases, market timing, and flexible parameters, while enhancing big data analytics in technical trading. Keywords: contrarian trading; Brent crude oil market; relative strength index (RSI); stochastic oscillator indicator (SOI); trading timing; big data analytics
關鍵字
語言 en
ISSN
期刊性質 國外
收錄於 SCI Scopus
產學合作
通訊作者 Yensen Ni
審稿制度 是
國別 CHE
公開徵稿
出版型式 ,電子版
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/128438 )