Investigating the role of market timing as a model and investment strategy on the performance of capital market professionals

Subject Areas : Journal of Investment Knowledge

Behrouz  Nazari ¹ (PhD Student, Department of Finance, UAE Branch, Islamic Azad University, Dubai, UAE.)
mahdi  Madanchi Zaj ² (Assistant Professor, Department of Financial Management, Electronic Unit, Islamic Azad University, Tehran, Iran)
HAMIDREZA  KORDLOUIE ³ (Associate Professor, Department of Financial Management, Islamshahr Branch, Islamic Azad University, Tehran, Iran.)

Received: 2022-05-27 Accepted : 2022-06-14 Published : 2023-09-23

Keywords: Keywords: "Market Timing", "Scenario Design", "Stock Exchange", "Market Irregularities", "Capital Market",

Abstract :

AbstractThe purpose of this study is to study the market timing and provide a model for investors to make the right and responsible decisions against their capital and tries to examine the capabilities of man-angers of mutual funds in the Iranian capital market, whether they are time skills Have market assessments in choosing their investment portfolio or not. Therefore, the variables of the present study, using the implementation of a combined method of multi-attribute decision making and scenario analysis of "expert system proposed by Hosseini Nasab" [2], we used the A N P method. The results showed that it is possible to provide a comprehensive "timing" model for the capital market and In-prove the performance of professionals, and the future movements of the market can be predicted using the market timing strategy; Also, comparing the models of market timing strategy, the results showed that the timing strategy of seasons and dates, in comparison with the strategies of using moving average and seasonal timing of Sai Harding, have an effect on managers' performance and predicting future market movements; But compared to Mark Walker's seasonal timing strategies and Hirsch's best six-month timing strategies, it is less effective.

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