|
PureBytes Links
Trading Reference Links
|
Sorry mate.
That is a tough call, too tough for me!
At the end of the day it is your money on the line and you have to be
comfortable with your decisions.
brian_z
--- In amibroker@xxxxxxxxxxxxxxx, "droskill" <droskill@xxx> wrote:
>
> I hear you - I thought Yahoo data looked pretty data good - they
give
> a pretty detailed description of their methodology - but I'd be
> curious what you think of it.
>
> --- In amibroker@xxxxxxxxxxxxxxx, "brian_z111" <brian_z111@> wrote:
> >
> > Note: that is Dividend adjusted data.
> >
> > Very few providers use Div adjusted data.
> > (I can barely get it for the Australian market).
> > If you can find one who does you then have to ask yourself if
they
> > are doing it correctly.
> >
> >
> > Assessing the accuracy of Fund 'dividends' would be even more
> > difficult - I think you should consider that one carefully (the
> > timing and methods of their distributions - it could vary from
Fund
> > to Fund). I would definitely be (at least) talking to FastTrack
about
> > their data if I was in your shoes.
> >
> > TC claim to have adjusted data (and also have Fund data) but
there is
> > a few question marks over their adjustment methods).
> >
> > brian_z
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "brian_z111" <brian_z111@>
wrote:
> > >
> > > >Let's assume it is
> > > > paid out.
> > >
> > > 3. Use adjusted data.
> > >
> > > There is no need to consider dividends any further.
> > > Adjusted data is equivalent to the total return.
> > >
> > > (that is the easiest way to do it - there is no need to keeep
> > > dividend records and wo/man handle the data.
> > >
> > > brian_z
> > >
> > > -- In amibroker@xxxxxxxxxxxxxxx, "droskill" <droskill@> wrote:
> > > >
> > > > Brian - thanks for the thoughts. ETFs do pay dividends - what
I
> > > don't
> > > > know is if automatically reinvested or paid out. Let's
assume it
> > is
> > > > paid out.
> > > >
> > > > Would you:
> > > >
> > > > 1. Use adjusted data and add the dividend in.
> > > > 2. Use unadjusted data and add the dividend in.
> > > >
> > > > Once again - thanks for any advice!
> > > >
> > > > --- In amibroker@xxxxxxxxxxxxxxx, "brian_z111" <brian_z111@>
> > wrote:
> > > > >
> > > > > Damian,
> > > > >
> > > > > I don't follow ETF's at all, especially in the US.
> > > > >
> > > > > It depends on their treatment of divs - how do they handle
> > them -
> > > do
> > > > > they pass on the distribution to investors or absorb them?
> > > > >
> > > > > For example - if I was a 'buy $ hold' trader then I would
> > > consider
> > > > > that accurate dividend adjusted data is equivalent to the
value
> > > of
> > > > > the total return and backtest my strategies in that data
(no
> > need
> > > to
> > > > > make any adjustments yourself).
> > > > >
> > > > > So, if your ETF pays the dividend i.e. it is a surrogate
for
> > > owning
> > > > > the stock, then that is the method you should use.
> > > > >
> > > > > IMO Yahoo data is accurate enough to do your preliminary
> > > estimations
> > > > > of the 'goodness' of the strategy but if you are going to
go
> > > ahead
> > > > > and trade it then you need to make a choice if it is worth
> > paying
> > > for
> > > > > some data to crosscheck your answers.
> > > > >
> > > > > brian_z
> > > > >
> > > > >
> > > > > --- In amibroker@xxxxxxxxxxxxxxx, "droskill" <droskill@>
wrote:
> > > > > >
> > > > > > It's a basic rotation strategy - so, it is in the market
at
> > all
> > > > > times,
> > > > > > and generally holds from 1-4 ETFs. So, it is likely
that, at
> > a
> > > few
> > > > > > times, I'll be holding an ETF as they pay out a dividend.
> > > > > >
> > > > > > I'd like to add this dividend to the strategy to
understand
> > > what the
> > > > > > actual total return looks like - but my concern is that
if I'm
> > > > > > factoring the gains into because I'm using an adjusted
close,
> > I
> > > > > > probably shouldn't be using the dividends in my
calculations.
> > > > > > Alternatively, I could use the raw returns and then add
in
> > the
> > > > > dividend.
> > > > > >
> > > > > > Any thoughts appreciated - thanks for your thoughts.
> > > > > >
> > > > > > Damian
> > > > > >
> > > > > > --- In amibroker@xxxxxxxxxxxxxxx, "brian_z111"
<brian_z111@>
> > > wrote:
> > > > > > >
> > > > > > > Hello Droskill,
> > > > > > >
> > > > > > > You don't say what your strategy is or exactly what
info
> > you
> > > want
> > > > > or
> > > > > > > how you want to use it.
> > > > > > >
> > > > > > > Strategies based around div day would be interesting to
> > look
> > > at -
> > > > > maybe
> > > > > > > a few specialise in it and can be successful with it.
> > > > > > >
> > > > > > > Also, it is handy to know which stocks are on, or near,
ex
> > > div
> > > > > day but
> > > > > > > it would be difficult to get the exact dividend from
Yahoo.
> > > > > > >
> > > > > > > You would have to import Raw and AdjClose and compare
the
> > > > > difference to
> > > > > > > get the adjFactor (see the AmiQuote read me for details
on
> > > using
> > > > > the
> > > > > > > format files to send the RawClose to the OI field).
> > > > > > >
> > > > > > > However, sometimes the factor would have been adjusted
for
> > > splits
> > > > > so
> > > > > > > you will have to try to differentiate those days (maybe
> > they
> > > are
> > > > > all
> > > > > > > round numbers so that could work).
> > > > > > >
> > > > > > > (I have thought about trying it myself to see how it
works
> > > out).
> > > > > > >
> > > > > > > If you want to use it for trading, accuracy might be a
> > > problem.
> > > > > > > I have crosschecked a few Yahoo dividends by going to
their
> > > > > records and
> > > > > > > then the homepage of the companies (a lot of companies
keep
> > a
> > > div
> > > > > > > record at their Homesite >> Investors page).
> > > > > > >
> > > > > > > For the US I found the ones I checked were accurate -
for
> > > > > Australia
> > > > > > > they were hopeless.
> > > > > > >
> > > > > > > Good luck.
> > > > > > >
> > > > > > > brian_z
> > > > > > >
> > > > > > >
> > > > > > > --- In amibroker@xxxxxxxxxxxxxxx, "droskill"
<droskill@>
> > > wrote:
> > > > > > > >
> > > > > > > > Hey all,
> > > > > > > >
> > > > > > > > I've been looking at adding dividends to a complete
> > > strategy -
> > > > > I was
> > > > > > > > curious what others thought of this. My basic
approach
> > > would
> > > > > be to,
> > > > > > > > in using Yahoo data, to use the adjusted close for
> > trading
> > > > > system and
> > > > > > > > then calculate the dividends on the days where I'm
> > holding
> > > the
> > > > > stock.
> > > > > > > > The issue here is that obviously the adjusted close
> > > already
> > > > > uses this
> > > > > > > > data - so I was wondering what others were doing on
this.
> > > > > > > >
> > > > > > > > Thoughts appreciated.
> > > > > > > >
> > > > > > >
> > > > > >
> > > > >
> > > >
> > >
> >
>
------------------------------------
Please note that this group is for discussion between users only.
To get support from AmiBroker please send an e-mail directly to
SUPPORT {at} amibroker.com
For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
http://www.amibroker.com/devlog/
For other support material please check also:
http://www.amibroker.com/support.html
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/amibroker/
<*> Your email settings:
Individual Email | Traditional
<*> To change settings online go to:
http://groups.yahoo.com/group/amibroker/join
(Yahoo! ID required)
<*> To change settings via email:
mailto:amibroker-digest@xxxxxxxxxxxxxxx
mailto:amibroker-fullfeatured@xxxxxxxxxxxxxxx
<*> To unsubscribe from this group, send an email to:
amibroker-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|