Vendeur : Forgotten Books, London, Royaume-Uni
Paperback. Etat : New. Print on Demand. This book examines a curious anomaly in the monthly pattern of stock index returns, supporting it with tests that show the existence of a monthly pattern in the returns earned by stocks. The mean return for stocks is positive only for days immediately before and during the first half of calendar months, and indistinguishable from zero for days during the last half of the month. During the years studied, all of the market's cumulative advance occurred just before and during the first half of months, with the last half contributing nothing to the cumulative increase. The author, through several hypothesis tests, eliminates most alternative explanations for the observed pattern, concluding that the monthly effect results from a shift in the mean of the distribution of returns. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. N° de réf. du vendeur 9781334408397_0
Quantité disponible : Plus de 20 disponibles
Vendeur : PBShop.store US, Wood Dale, IL, Etats-Unis
PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781334408397
Quantité disponible : 15 disponible(s)
Vendeur : PBShop.store UK, Fairford, GLOS, Royaume-Uni
PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781334408397
Quantité disponible : 15 disponible(s)