@article {Hallerbach1, author = {Winfried G. Hallerbach}, editor = {Goyal, Gauri}, title = {Practical Applications of On the Expected Performance of Market Timing Strategies}, volume = {2}, number = {3}, pages = {1--4}, year = {2015}, doi = {10.3905/pa.2015.2.3.078}, publisher = {Institutional Investor Journals Umbrella}, abstract = {On the Expected Performance of Market Timing Strategies Winfried G Hallerbach In order to match the Sharpe ratio of a buy-and-hold strategy in the US equity market, you will need a success ratio of almost 60\% in a market-timing strategy, according to this research.What actually drives the risk-adjusted performance of market-timing strategies? This is an important question in the context of the ongoing debate on the performance of active strategies. In this report, Winfried Hallerbach{\textemdash}Senior Quantitative Researcher at Robeco Investment Management in Rotterdam, The Netherlands{\textemdash}explains how he extends existing concepts about active management to market-timing strategies.Hallerbach{\textquoteright}s original research, published in The Journal of Portfolio Management{\textquoteright}s Summer 2014 issue, offers new insights into what actually drives the risk-adjusted performance of market-timing strategies.}, issn = {2329-0196}, URL = {https://pa.pm-research.com/content/2/3/1.1}, eprint = {https://pa.pm-research.com/content/2/3/1.1.full.pdf}, journal = {Practical Applications} }