By |Published On: June 29th, 2015|Categories: Uncategorized|
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.

About the Author: Wesley Gray, PhD

Wesley Gray, PhD
After serving as a Captain in the United States Marine Corps, Dr. Gray earned an MBA and a PhD in finance from the University of Chicago where he studied under Nobel Prize Winner Eugene Fama. Next, Wes took an academic job in his wife’s hometown of Philadelphia and worked as a finance professor at Drexel University. Dr. Gray’s interest in bridging the research gap between academia and industry led him to found Alpha Architect, an asset management firm dedicated to an impact mission of empowering investors through education. He is a contributor to multiple industry publications and regularly speaks to professional investor groups across the country. Wes has published multiple academic papers and four books, including Embedded (Naval Institute Press, 2009), Quantitative Value (Wiley, 2012), DIY Financial Advisor (Wiley, 2015), and Quantitative Momentum (Wiley, 2016). Dr. Gray currently resides in Palmas Del Mar Puerto Rico with his wife and three children. He recently finished the Leadville 100 ultramarathon race and promises to make better life decisions in the future.