Teknisen analyysin menestyksellisyys suomalaisilla osakemarkkinoilla

Tutkielmassa analysoitiin yhteensä 73:n teknisen analyysin menetelmävariaation ja samalta ajanjaksolta lasketun osta ja pidä -strategian tuottojen eroja aineistolla, joka koostui 43 Helsingin Arvopaperipörssin päälistalla vuodesta 1991 vuoteen 1998 noteeratun yhtiön osakkeiden päivän päätöskursseista. Empiiriset testit toteutettiin tutkielmaa varten laadituilla Pascal-ohjelmilla, joilla simuloitiin eri teknisen analyysin menetelmien mukaista päivittäistä kaupankäyntiä. Tulokset osoittivat, ettei teknisen analyysin menetelmien avulla olisi tarkasteluperiodilla päässyt osta ja pidä -strategian tuottotasolle, sillä ainoastaan yksi strategioista ylitti osta ja pidä -strategian tuottotason. Negatiivinen korrelaatio kunkin teknisen analyysin menetelmän tuottamien kauppojen lukumäärän ja strategian kannattavuuden välillä oli erittäin vahva; mitä suurempi signaaliherkkyys, sitä heikompi oli kyseisen strategian tulos. Tutkimustulokset tukivat siten markkinatehokkuuden heikkojen ehtojen hypoteesia, jonka mukaan mennyt hintainformaatio ei ole monetäärisesti hyödynnettävissä.

Attachment, psychopathology, and religion: Introduction to this special section of Mental Health, Religion, & Culture

An international conference of psychology of religion, organised at the University of Lausanne (Switzerland) on 16 May 2012, took up the theme: "Attachment, psychopathology, and religion". Four speakers were invited: Pehr Granvist, Andrew Gumley, Isabelle Rieben, and Pascal Roman. Their reworked contributions are gathered in this special section of Mental Health, Religion, & Culture. The goal of this special section is to re-examine the whole of this subject of the bond between attachment and religion and/or spirituality in the cases of those persons suffering from mental health disorders.

A prospective evaluation of ultrasound as a diagnostic tool in acute microcrystalline arthritis.

INTRODUCTION: The performance of ultrasound (US) in the diagnosis of acute gouty (MSU) arthritis and calcium pyrophosphate (CPP) arthritis is not yet well defined. Most studies evaluated US as the basis for diagnosing crystal arthritis in already diagnosed cases of gout and few prospective studies have been performed. METHODS: One hundred nine consecutive patients who presented an acute arthritis of suspected microcrystalline arthritis were prospectively included. All underwent an US of the symptomatic joints(s) and of knees, ankles and 1(st) metatarsopalangeal (MTP) joints by a rheumatologist "blinded" to the clinical history. 92 also had standard X-rays. Crystal identification was the gold standard. RESULTS: Fifty-one patients had MSU, 28 CPP and 9 had both crystals by microscopic analysis. No crystals were detected in 21. One had septic arthritis. Based on US signs in the symptomatic joint, the sensitivity of US for both gout and CPP was low (60 % for both). In gout, the presence of US signs in the symptomatic joint was highly predictive of the diagnosis (PPV = 92 %). When US diagnosis was based on an examination of multiple joints, the sensitivity for both gout and CPP rose significantly but the specificity and the PPV decreased. In the absence of US signs in all the joints studied, CPP arthritis was unlikely (NPV = 87 %) particularly in patients with no previous crisis (NPV = 94 %). X-ray of the symptomatic joints was confirmed to be not useful in diagnosing gout and was equally sensitive or specific as US in CPP arthritis. CONCLUSIONS: Arthrocenthesis remains the key investigation for the diagnosis of microcrystalline acute arthritis. Although US can help in the diagnostic process, its diagnostic performance is only moderate. US should not be limited to the symptomatic joint. Examination of multiple joints gives a better diagnostic sensitivity but lower specificity.