| Weak Form Efficiency Tests Contributor(s): Schubert, Björn (Author) |
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ISBN: 3640378563 ISBN-13: 9783640378562 Publisher: Grin Verlag OUR PRICE: $38.86 Product Type: Paperback - Other Formats Published: July 2009 |
| Additional Information |
| BISAC Categories: - Business & Economics | Finance - General |
| Physical Information: 0.09" H x 5.83" W x 8.27" (0.13 lbs) 36 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Seminar paper from the year 2009 in the subject Business economics - Investment and Finance, 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. |