RT Journal Article SR Electronic T1 Testing the Simple Moving Average across Commodities, Global Stock Indices, and Currencies JF The Journal of Wealth Management FD Institutional Investor Journals SP 82 OP 100 DO 10.3905/jwm.2012.15.1.082 VO 15 IS 1 A1 Thomas Kilgallen YR 2012 UL https://pm-research.com/content/15/1/82.abstract AB This article examines the risk-adjusted returns from a commonly used technical trading strategy. The author back tests a “simple moving average strategy” over a period of several decades on various commodities, currencies, and country stock indices. The results show that applying this strategy has provided before-tax returns comparable to, or better than, a buy-and-hold strategy, but with much less downside volatility. In addition, the article shows the strategy to be to be compatible with the concept of diversification: It lowers volatility significantly when applied to portfolios composed of multiple securities combined.TOPICS: Technical analysis, commodities, currency, global