You are here: Stockmarkets - A Non-Random Walk Down Wall Street - 242 book(s)

A Non-Random Walk Down Wall Street By: Andrew Lo, Craig Mackinlay Normal price: 22.95 Our price: 21.8 + postage Bargain: save £1.15 ! Product code: 14276 ISBN: 0691092567 448 pages Format: Pb Published by: Princeton University Press, 2002, 1st edition There are no reviews available for this book

Description of A Non-Random Walk Down Wall Street

For over half a century, financial experts have regarded the movements of markets as a random walk - unpredictable meanderings akin to a drunkard's unsteady gait - and this hypothesis has become a cornerstone of modern financial economics and many investment strategies. Here Andrew W. Lo and A. Craig MacKinlay put the Random Walk Hypothesis to the test. In this volume, which elegantly integrates their most important articles, Lo and MacKinlay find that markets are not completely random after all, and that predictable components do exist in recent stock and bond returns. Their book provides a state-of-the-art account of the techniques for detecting predictabilities and evaluating their statistical and economic significance, and offers a tantalizing glimpse into the financial technologies of the future. The articles track the exciting course of Lo and MacKinlay's research on the predictability of stock prices from their early work on rejecting random walks in short-horizon returns to their analysis of long-term memory in stock market prices. A particular highlight is their now-famous inquiry into the pitfalls of 'data-snooping biases' that have arisen from the widespread use of the same historical databases for discovering anomalies and developing seemingly profitable investment strategies. This book invites scholars to reconsider the Random Walk Hypothesis, and, by carefully documenting the presence of predictable components in the stock market, also directs investment professionals toward superior long-term investment returns through disciplined active investment management.

A Non-Random Walk Down Wall Street - Chapter headings

1. Introduction 2. Stock Market Prices Do Not Follow Random Walks: Evidence from a Simple Specification Test 3. The Size and Power of the Variance Ratio Test in Finite Samples: A Monte Carlo Investigation 4. An Econometric Analysis of Nonsynchronous Trading 5. When Are Contrarian Profits Due to Stock Market Overreaction? 6. Long-Term Memory in Stock Market Prices 7. Multifactor Models Do Not Explain Deviations from the CAPM 8. Data-Snooping Biases in Tests of Financial Asset Pricing Models 9. Maximizing Predictability in the Stock and Bond Markets 10. An Ordered Probit Analysis of Transaction Stock Prices 11. Index-Futures Arbitrage and the Behavior of Stock Index Futures Prices 12. Order Imbalances and Stock Price Movements on October 19 and 20, 1987 References Index

<< Previous page [ 1 2 3 4 5 6 7 8 9 10 11 12 13 ] Next page >>

Page 10 on 13 - 242 result(s)

7.99(rrp) £7.19 more details Stock Market Knowledge for All Ages Answering Questions About Stocks, Bonds, and Mutual Funds save £0.8 ! Susie Vaccaro Hardeman 2005 - Ten Speed Press

£285 more details New Levels In The Stock Market New York, McGraw-Hill, 1929. Charles Amos Dice 1929 - McGraw-Hill Professional

£275 more details The Value Of Organized Speculation Boston, Houghton Mifflin. April 1913. Harrison H Brace 1913 - Houghton Mifflin

£575 more details Fifty Years In Wall Street NewYork, Irving Publishing Company, 1908. Henry Clews 1908 - Irving Publishing Company

£850 more details The Stock Market Crash and After New York, Macmillan. 1930. Irving Fisher 1930 - MacMillan

£450 more details Chronicon Preciosum Or an Account of English Money, the Price of Corn and Other Commodities For the Last 600 Years William Fleetwood -

£180 more details The Wall Street Cook Book Library Of Wall Street 1966. Christopher Alexander Flumiani 1966 - Library Of Wall Street

£250 more details Ten Years in Wall Street or Revelations of Inside Chicago, Dustin & Co.,1870 Wm. Worthington Fowler - Dustin & Co

£250 more details Where The Money Grows Garet Garret 1911 -

£275 more details The Zurich Axioms: March 1985, 1st Edition Max Gunther 1985 - New American Library

£150 more details Sampson Rock of Wall Street Harper, February 1907. Edwin Lefevre 1907 -

£125 more details The Relative Strength Concept Of Common Stock Price Forecasting Investors Intelligence, Larchmont.1968 Robert A Levy 1968 -

£2200 more details How To Trade In Stocks, The Livermore Formula for Combining Time Element and Price Jesse Livermore 1940 -

£325 more details The ABC of Stock Market Speculation S A Nelson 1903 -

£200 more details Speculation, The Wall Street Game Book New York, Farrar and Rinehart. 1929. W J Buckitt, A Poole 1929 -

£600 more details Stock Market Profits New York, Forbes. 1934. R.W Schabacker 1934 -

£150 more details Shakespeare In Wall Street Boston & New York, Houghton Mifflin, 1929. Edward H. Warren 1929 - Houghton Mifflin

£750 more details How I Trade and Invest In Stocks And Bonds Being Some Methods Involved And Adapted During My Thirty-Three Years Experience In Wall Street Richard D Wyckoff 1922 -

£350 more details The Theory of Stock Exchange Speculation New York. S.A Nelson. 1903. Arthur Crump 1903 -

£1500 more details New Methods for Profit in the Stock Market Boston, Metcalf Press. 1941. Garfield Drew 1941 - Metcalf Press