Add to ORKGThe strong-form version of the efficient market hypothesis states that all information, past and current, is incorporated into the current share price, thus making investing a chance exercise. This study examines this by testing for mean reversion, ie., investor overreaction. I use all stocks that traded on either the New Zealand Stock Exchange or the Australian Stock Exchange from 1991 — 1999 to test if profits are possible by selling stocks that are performing well to purchase stocks that are performing poorly. This strategy finds that profits using this technique are insignificant, suggesting there is no mean reversion present in these markets.UnpublishedBlume, Marshall, and Robert Stambaugh, 1983, Biases in Computed Returns: An Applicat...
Investor overreaction results in the systematic overshooting of stock prices and their subsequent me...
In this paper, using the Conrad and Kaul\u27s methodology we test for the overreaction hypothesis - ...
Findings for the whole period from January 1987 to December 2006 reveal that loser has insignificant...
The strong-form version of the efficient market hypothesis states that all information, past and cur...
The purpose of this paper is to determine whether New Zealand capital markets are efficient. To do t...
This paper investigates the evidence on the stock market overreaction hypothesis (ORH), which holds ...
Investors are told to be overreacting when their sentiment drives the price of a certain security up...
The existence of market anomalies has long been recognized in the finance literature. Several studie...
Submitted in partial fulfillment of the requirements for the Degree of Bachelor Business Science in ...
Overreaction phenomena stimulate assets mispricing and return reversals. Investors should build a tr...
The overreaction hypothesis asserts that investors tend to violate the Bayes’ rule where they overre...
This paper tests the disposition effect first tested by Odean (1998) the tendency of investors to sh...
This study tests for underreaction and overreaction in the South African stock market by examining a...
Findings for the whole period from January 1987 to December 2006 reveal that loser has insignificant...
Research in behavioral finance put forward that in violation of Bayes’ theorem rule and involving ...
Investor overreaction results in the systematic overshooting of stock prices and their subsequent me...
In this paper, using the Conrad and Kaul\u27s methodology we test for the overreaction hypothesis - ...
Findings for the whole period from January 1987 to December 2006 reveal that loser has insignificant...
The strong-form version of the efficient market hypothesis states that all information, past and cur...
The purpose of this paper is to determine whether New Zealand capital markets are efficient. To do t...
This paper investigates the evidence on the stock market overreaction hypothesis (ORH), which holds ...
Investors are told to be overreacting when their sentiment drives the price of a certain security up...
The existence of market anomalies has long been recognized in the finance literature. Several studie...
Submitted in partial fulfillment of the requirements for the Degree of Bachelor Business Science in ...
Overreaction phenomena stimulate assets mispricing and return reversals. Investors should build a tr...
The overreaction hypothesis asserts that investors tend to violate the Bayes’ rule where they overre...
This paper tests the disposition effect first tested by Odean (1998) the tendency of investors to sh...
This study tests for underreaction and overreaction in the South African stock market by examining a...
Findings for the whole period from January 1987 to December 2006 reveal that loser has insignificant...
Research in behavioral finance put forward that in violation of Bayes’ theorem rule and involving ...
Investor overreaction results in the systematic overshooting of stock prices and their subsequent me...
In this paper, using the Conrad and Kaul\u27s methodology we test for the overreaction hypothesis - ...
Findings for the whole period from January 1987 to December 2006 reveal that loser has insignificant...