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Market efficiency

P/F/245. Predictability of stock prices fluctuations

WORDS:
2000
DATE:
2004
PRICE:
29.99 GBP

The paper seeks to explain capital market behaviour concentrating on the processes behind the fluctuation of prices in the stock market. Efficient market hypothesis (EMH) is discussed in the context of other theories that challenge the random walk model. The concepts of market anomalies, noise trading and market behaviour are defined, conclusions are made about the predictability of stock returns.

 

KEYWORDS: f, predictability, stock, prices, fluctuations,

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