Table 3 Buy and hold results
From: Examination of the profitability of technical analysis based on moving average strategies in BRICS
Countries | Initial Capital at Local Currency | Average Buy and Hold Result (Local Currency) | Average Buy and Hold Result (Dollars) |
|---|---|---|---|
Brazil. | 33,728 BRL | 153,936.90 BRL | 45,640.48 USD |
Russia. | 656,760 RUB | 4,066,074 RUB | 61,911.11 USD |
India. | 678,580 INR | 23,877,054 INR | 351,867.93 USD |
China. | 661,550 CNY | 3,999,462 CNY | 60,455.93 USD |
South Africa. | 150,876 ZAR | 1,559,474 ZAR | 103,361.30 USD |