Mean Reversion in Stock Prices: Evidence and Implications
收藏NBER1987-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w2343
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资源简介：
This paper analyzes the statistical evidence bearing on whether transitory components account for a large fraction of the variance in common stock returns. The first part treats methodological issues involved in testing for transitory return components. It demonstrates that variance ratios are among
提供机构：
美国国家经济研究局
创建时间：
1987-08-01
