Dow Theory

Brown, Goetzmann and Kumar (1998) found that Hamilton’s timing strategies yielded high Sharpe ratios and positive alphas for the period 1902 to 1929.

Top Ten Publications

  1. BROWN, S.J., W.N. GOETZMANN and A. KUMAR, 1998. The Dow Theory: William Peter Hamilton's Track Record Reconsidered. The Journal of Finance. [Cited by 49] (5.21/year)
  2. RHEA, R., 1932. The Dow Theory: An Explanation of Its Development and an Attempt to Define Its Usefulness as an Aid …. Barron's. [Cited by 17] (0.23/year)
  3. NEWMAN, K.E. and J.D. DOW, 1984. Theory of deep impurities in silicon-germanium alloys. Physical Review B. [Cited by 26] (1.11/year)
  4. BISHOP, G.W., 1959. Charles H. Dow and the Dow theory. New York University, Graduate School of Business Administration. [Cited by 6] (0.12/year)
  5. NEFTCI, S.N., 1997. Naive Trading Rulesˇ n Financial Markets and Wiener-Kolmogorov Prediction Theory: A Study of" …. The Handbook of Managed Futures: Performance, Evaluation & …. [Cited by 94] (9.04/year)
  6. COWLES, A., 1933. Can Stock Market Forecasters Forecast?. Econometrica. [Cited by 151] (2.03/year)
  7. JAMES, F.E., 1968. Monthly Moving Averages--An Effective Investment Tool?. The Journal of Financial and Quantitative Analysis. [Cited by 13] (0.33/year)
  8. CHOU, S.T., et al., 1997. A stock selection DSS combining AI and technical analysis. Annals of Operations Research. [Cited by 9] (0.87/year)
  9. FAMA, E.F., 1965. Random Walks in Stock-market Prices.. CFA Institute. [Cited by 99] (2.33/year)
  10. TAYLOR, M.P., 1997. Editor's introduction. International Journal of Finance & Economics. [Cited by 8] (0.77/year)