Trend Following the Greek Equity Markets

Trend Following the Greek Equity Markets

June 29, 2015 Uncategorized
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Long-Term trend-following saved the day in the Greek Equity markets…
FTSE/Athens Stock Exchange Large Cap Index, which consists of 25 of the largest and most liquid stocks that trade on the Athens Stock Exchange.
The purple line is the 250 day simple moving average line.
There was some chop in July-August 2014, but the system had you sitting in cash/tbills while the market blew up.
lttrendgreek
The results are hypothetical results and are NOT an indicator of future results and do NOT represent returns that any investor actually attained. Indexes are unmanaged, do not reflect management or trading fees, and one cannot invest directly in an index. Additional information regarding the construction of these results is available upon request.

We’ll have to see what happens  during the current chaos. But if history is our guide, when the equity market gets back on trend, it will probably be a great time to do some good old fashioned value-investing.


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About the Author

Wesley R. Gray, Ph.D.

After serving as a Captain in the United States Marine Corps, Dr. Gray received a PhD, and was a finance professor at Drexel University. Dr. Gray’s interest in entrepreneurship and behavioral finance led him to found Alpha Architect. Dr. Gray has published three books: EMBEDDED: A Marine Corps Adviser Inside the Iraqi Army, QUANTITATIVE VALUE: A Practitioner’s Guide to Automating Intelligent Investment and Eliminating Behavioral Errors, and DIY FINANCIAL ADVISOR: A Simple Solution to Build and Protect Your Wealth. His numerous published works has been highlighted on CBNC, CNN, NPR, Motley Fool, WSJ Market Watch, CFA Institute, Institutional Investor, and CBS News. Dr. Gray earned an MBA and a PhD in finance from the University of Chicago and graduated magna cum laude with a BS from The Wharton School of the University of Pennsylvania.