Kay Knight Mazuy’s research while affiliated with Hult International Business School and other places

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Publications (4)


Can mutual funds outguess the market? Harvard Business Review 44
  • Article

January 1966

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263 Reads

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37 Citations

J. Treynor

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K. Mazuy



Mathematical Models for Predicting Pulse Characteristics in Digital Logic Systems

January 1965

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4 Reads

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2 Citations

IEEE Transactions on Electronic Computers

The multiple use of a relatively few types of basic building blocks in digital computers requires that the system designer know the actual performance characteristics of these units in order to produce optimum designs. Worst-case analysis procedures do not yield realistic performance data. The performance-prediction technique discussed in this paper is based on the development of empirical mathematical models which relate the performance variables of interest to the pertinent system parameters. Prediction equations are fitted for the logic elements in a parity-check network for rise, fall, delay, and storage times as a function of the fan-in and fan-out of the logic element and the fan-in and fan-out of the stages which drive it. A statistical analysis of the prediction equations is made to determine the validity of the models. The goodness of fit of these models is presented in graphical form.

Citations (2)


... Conversely, market timing refers to the capability of investment managers to adjust portfolio holdings in response to changes in the asset portfolio or overall market price movements. Studies by Treynor and Mazuy (1966), Kon and Jen (1978), Henriksson and Merton (1981), and Lee and Rahman (1990) examined mutual fund market timing and selectivity. These studies have indicated that mutual fund managers generally underperform in terms of market timing and selectivity. ...

Reference:

Rolling in the green? A closer look at cannabis ETFs’ market munchies
Can Mutual Funds Outguess the Market
  • Citing Article
  • January 1966

Harvard Business Review

... Treynor and Mazuy and Henrikson and Merton laid the foundations for these issues. Treynor and Mazuy (1966), examining 57 American market funds from the period 1983-1995, noticed one fund showing the property of market timing. Later, in 1984, Henrikson andMerton (1981) proposed a different model, which they tested for funds from 1968-1980. ...

Can mutual funds outguess the market? Harvard Business Review 44
  • Citing Article
  • January 1966