Browsing by Author "Suppanunta Romprasert"
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ItemThe effectiveness of confirming indicators: a case study of Stocks in ThailandThis paper developed a model that tested trading signals (including double and triple indicators) on the security traded in the Stock Exchange of Thailand (SET). One indicator from each of the six groups of technical indicators, including MACD, Parabolic SAR (PSAR), RSI, Twiggs Money Flow, Volume Oscillator, and Bollinger Bands, were tested in order to determine whether their use could generate excess returns for investors. PSAR was the most profitable indicator as it alone or when used in combined with other indicators could generate excess returns. The findings showed that the AND function could be use to combine trading signals but with proper interpretation of inputs. Findings also showed that combined indicators increase abnormal profits above individual indicators. A combined indicators model had the best performance in terms of End of Period Wealth and the least downside risk which was measured by Maximum Drawdown. The significance of this research is that it identifies confirming indicators that can be used effectively to generate excess profits, although the findings do have some limitations which is discussed in this paper however further study on similar concept is highly recommended.
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ItemElectric Rate Policy Scenario in Thailand( 2012-12) Suppanunta RomprasertPaper demonstrates an empirical exploration into the welfare impacts of introduction on how possible for the electric rate policy set can be used to present the distribution of electric users’ utility in Thailand through the two scenario analysis comparing. In this case, it is assumed that the electric fee in each province equals to marginal capacity cost in that province. Key benefit contributes to promoted economic and social development. Moreover, paper concludes social welfare under first scenario is made maximize social benefit.
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ItemGold futures contracts on comparing ordinary least squares and bivariate vector autoregression on hedging effectiveness( 2014) Suppanunta RomprasertGold futures contracts are effective to be used as a hedging instrument in Thailand commodity futures exchange especially by bivariate vector autoregression model. The results indicate that constant hedge ratio after controlling for basis risk outperform the time-varying hedge ratio. Comparisons of the in-sample and out-of-sample hedging performance of each model imply that the BVAR model performs the better over OLS model. It is important for gold futures market participants to have an understanding of how effective the commodities futures are in hedging. For Thailand Future Exchange (TFEX), this paper suggests that TFEX should be further developed to provide an efficient hedging tools as other developed markets in the world do.
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ItemMalaysia-Singapore-Thailand Capital Accumulation Growth (MST-CAG)( 2015) Suppanunta RomprasertPaper has presented ideal of capital accumulation growth by using Solow Growth Model for Malaysia, Singapore, and Thailand case. Based on past 10 years by those three countries, the economies have expanded. The investment on infrastructure also shows as a part of country’s sustained economic growth such as telecommunications, electricity and ports. In the same time countries are experiencing a growing in shortage of skilled technical personnel. Then, paper’s objective is to examine whether growth of countries is due to countries’ capital accumulation. This objective brings to research question that “Why do developing countries (Malaysia and Thailand) grow at the same rates as developed one (Singapore)?” Scope of research is started at 1990 and ended at 2013. After analyzing the 24-year data collected and simulating those data with Solow growth model and basic model. Paper shows results as higher savings rate and higher gross fixed capital formation per worker lead to higher investment per person, and pull up steady-state level of capital. Moreover, increasing on literacy rate represents human capital that leads to growth of gross domestic product. Paper also benefits policymakers who are trying to implement such a policy to speed up economy in terms of economic growth and higher standard of livings including the well-being of people.
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