April 2024 Buy-Sell Guide for Dow Jones 30 Stocks and Modified Omega Criterion

Hrishikesh Vinod

Fordham Economics Discussion Paper Series from Fordham University, Department of Economics

Abstract: We study recent monthly data to help long-term investors buy or sell from the 30 Dow Jones Industrial Average (DJIA) Index components. The recommendations are based on six stockpicking algorithms involving comparisons of probability distributions. We use data for 30 stocks using the recent 472 months (39+ years) of monthly returns ending in March 2024. Our buy-sell recommendations also use newer "pandemic proof" out-of-sample portfolio performance comparisons from the R package 'generalCorr.' We include modified omega (gain-to-pain ratio) computation to compare stock performance.

Keywords: Dow-Jones (search for similar items in EconPapers)
Date: 2024
New Economics Papers: this item is included in nep-cmp
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