Stock Market Trading Rules Discovery Based on Biclustering Method

Table 23

Comparison with the IHS on the S&P 500 Index (without transaction costs). “Profits (%)” is excess return. “Trades” is the number of trades.

S&P 500	IHS		BIS
	Profits (%)	Trades	Profits (%)	Trades
Trending-up market	26.88	6	27.46	78
Flat market	8.34	31.20	11.75	24
Trending-down market	−5.59	4.40	13.63	39