Are Stocks Really Less Volatile in the Long Run?
收藏NBER2009-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w14757
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资源简介：
According to conventional wisdom, annualized volatility of stock returns is lower when computed over long horizons than over short horizons, due to mean reversion induced by return predictability. In contrast, we find that stocks are substantially more volatile over long horizons from an investor's
提供机构：
美国国家经济研究局
创建时间：
2009-02-01
