Forecasting Performance with the Harmonic Mean: Long-Term Investment Horizons in Shanghai Stock Exchange

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dc.creatorMissiakoulis, Spyros
dc.creatorVasiliou, Dimitrios
dc.creatorEriotis, Nikolaos
dc.date2017-04-01T19:29:54Z
dc.date.accessioned2026-07-09T06:49:24Z
dc.descriptionPortfolio managers favor long-term investment horizons. Their performance is usually forecasted using either the arithmetic mean or the geometric mean. The harmonic mean is generally ignored as an instrument of financial and/or portfolio management. We examine the performance of the harmonic mean employing real life data on SSE180 Index and we compare it with the corresponding performances of arithmetic and geometric means. In all cases, the harmonic mean gave us the best performance.
dc.identifierdoi:10.22004/ag.econ.143470
dc.identifierhttps://ageconsearch.umn.edu/record/143470/files/8-Spyros.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/143470
dc.identifier.urihttp://hdl.handle.net/123456789/581233
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/143470
dc.titleForecasting Performance with the Harmonic Mean: Long-Term Investment Horizons in Shanghai Stock Exchange
dc.typeText

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