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Table 4 Percentage of better results than the buy and hold

From: Examination of the profitability of technical analysis based on moving average strategies in BRICS

Countries

SMA vs SMA

EMA vs EMA

SMA vs EMA

Brazil.

14.34%

15.08%

16.25%

Russia.

11.00%

9.20%

9.28%

India.

13.83%

14.12%

13.47%

China.

19.46%

20.17%

19.45%

South Africa.

9.79%

11.81%

12.64%