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The Predictability of British Stock Market Prices
Author(s) -
Cunningham S. W.
Publication year - 1973
Publication title -
journal of the royal statistical society: series c (applied statistics)
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.205
H-Index - 72
eISSN - 1467-9876
pISSN - 0035-9254
DOI - 10.2307/2346780
Subject(s) - predictability , econometrics , economics , financial economics , stock (firearms) , stock market , mathematics , statistics , geography , archaeology , context (archaeology)
Summary Indices of stock market prices are slightly predictable; this assists in timing of investment. Individual stocks exhibit consistent behaviour in relation to the index, and so the distribution of possible future returns on a portfolio can be assessed.