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

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  • Hrishikesh Vinod

    (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.

Suggested Citation

  • Hrishikesh Vinod, 2024. "April 2024 Buy-Sell Guide for Dow Jones 30 Stocks and Modified Omega Criterion," Fordham Economics Discussion Paper Series dp2024-03er:dp2024-03, Fordham University, Department of Economics.
    • Handle: RePEc:frd:wpaper:dp2024-03er:dp2024-03
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    File URL: https://archive.fordham.edu/ECONOMICS_RESEARCH/PAPERS/dp2024_03_vinod.pdf
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    References listed on IDEAS

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    1. Levy, Haim, 1973. "Stochastic Dominance, Efficiency Criteria, and Efficient Portfolios: The Multi-Period Case," American Economic Review, American Economic Association, vol. 63(5), pages 986-994, December.
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