Mean Reversion in Stock Prices? A Reappraisal of the Empirical Evidence
收藏NBER1988-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w2795
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资源简介：
Recent research based on variance ratios and multiperiod-return autocorrelations concludes that the stock market exhibits mean reversion in the sense that a return in excess of the average tends to be followed by partially offsetting returns in the opposite direction. Dividing history into pre-1926,
提供机构：
美国国家经济研究局
创建时间：
1988-12-01
