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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