the behavior of stock market prices eugene f fama the journal phần 4 pps
the behavior of stock market prices eugene f fama the journal phần 1 pdf
... generating the price change^.^ From the point of view of the investor, however, specification of the shape of the distribution of price changes is extremely helpful. In general, the form of the ... Dow Theory, of course, is the best known example of a chartist theory. The Behavior of Stock- Market Prices Eugene F. Fama The Journal of...
Ngày tải lên: 09/08/2014, 20:20
the behavior of stock market prices eugene f fama the journal phần 2 pdf
... about a shift in the variance of the first differences. Similarly, the mean of the first differences can change across time as the company's prospects for future profits follow different ... between the logarithm of this doubled price and the logarithm of the closing price for day t - 1 is the first difference for day t. The first difference for day t...
Ngày tải lên: 09/08/2014, 20:20
the behavior of stock market prices eugene f fama the journal phần 3 pot
... of the first differences had finite variance. From the standpoint of consistency the most important feature of the sample coefficients is that for every stock the serial correlation coefficient ... range. For each value of n there are five differ- ent values of i, the different fractile ranges. Column (2) of Table 9 shows the aver- age values of a co...
Ngày tải lên: 09/08/2014, 20:20
the behavior of stock market prices eugene f fama the journal phần 4 pps
... between the actual numbers of runs of all signs and the total expected numbers. 'Or for twenty-six out of thirty stocks the total number Of runs Of signs for the differences ... the largest prof- 7 8 THE JOURNAL OF BUSINESS above expressions give the breakdown of the total expected number of runs into the expected numbers of runs of...
Ngày tải lên: 09/08/2014, 20:20
the behavior of stock market prices eugene f fama the journal phần 5 pdf
... edge of today's price change does condition our pre- diction of the size, if not the sign, of tomorrow's change. 86 THE JOURNAL OF BUSINESS ences of ten stocks. Six of the stocks ... fractiles arc the fractilcs of the distributions of all price changes and not of the distrlbut~ons of successors to large changes. 97 BEHAVIOR OF STOCK-...
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the behavior of stock market prices eugene f fama the journal phần 6 ppsx
... in time series, then the .f fractile of the distribution of the cumulative sample variance of ut at time tl, as a function of the .f fractile of the distribu- tion of the sample variance ... interested in the probability distribution of y2. The positive tail of the distribution of y2 is related to the tails of the distribution of y in t...
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The Behaviour Of Stock-Market Prices potx
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