Kniha Weak Form Efficiency Tests Björn Schubert

Weak Form Efficiency Tests

Jazyk: Angličtina
Väzba: Brožovaná
Vydavateľ: Grin Publishing
Dostupnosť: Skladom u dodávateľa
Odosielame za 5-8 dní
16.59
Seminar paper from the year 2009 in the subject Business economics - Investment and Finance, printed...

Informácie o knihe

Jazyk
Angličtina
Väzba
Kniha - Brožovaná
Vydalo
2009
Stránok
36
EAN
9783640378562
ISBN
3640378563
Enbook ID
01622923
Vydavateľ
Hmotnosť
59
Rozmery
148 x 210 x 2

Kompletný popis

Seminar paper from the year 2009 in the subject Business economics - Investment and Finance, printed single-sided, grade: 2,3, University of Edinburgh, language: English, abstract: While using standard tests of weak form market efficiency along with the more recent DELAY test, this report examines if the returns of six selected stocks and two decile indices follow a random walk which would evidence the non-predictability of future stock returns by historical prices which is a necessary condition for the weakest form of market efficiency. The evidence of four different measurement tests suggests that except of one stock all stocks and indices drift away from the weak form market efficiency hypothesis.

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