Overreaction of Dow stocks
Several studies have found mean reversion in monthly stock returns over long horizons. However, these studies can be challenged for several reasons, including the neglect or possible misspecification of risk premia. The current paper analyzes daily Dow returns over short horizons, which obviates the...
| 發表在: | Cogent Economics & Finance |
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| 主要作者: | |
| 格式: | Article |
| 語言: | 英语 |
| 出版: |
Taylor & Francis Group
2016-12-01
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| 主題: | |
| 在線閱讀: | http://dx.doi.org/10.1080/23322039.2016.1251831 |