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An Examination of the Super Bowl Stock Market Predictor
Author(s) -
KRUEGER THOMAS M.,
KENNEDY WILLIAM F.
Publication year - 1990
Publication title -
the journal of finance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 18.151
H-Index - 299
eISSN - 1540-6261
pISSN - 0022-1082
DOI - 10.1111/j.1540-6261.1990.tb03712.x
Subject(s) - stock market , league , econometrics , financial economics , stock (firearms) , efficient market hypothesis , market timing , economics , anomaly (physics) , business , geography , physics , portfolio , context (archaeology) , archaeology , condensed matter physics , astronomy
Few prediction schemes have been more accurate, and at the same time more perplexing, than the Super Bowl Stock Market Predictor, which asserts that the league affiliation of the Super Bowl winner predicts stock market direction. In this study, we examine the record and statistical significance of this anomaly and demonstrate that an investor would have clearly outperformed the market by reacting to Super Bowl game outcomes.