The Study of Mean Reversion in Tehran Security Exchange Using Variance Ratio Test
Based on efficient market hypothesis the stock prices follow random walk process. In such market the stock return can not be predicted using past price variation. However, efficient market hypothesis is under question because the researchers have provided evidenses that reveal some anomalies in stoc...
| Main Authors: | , , |
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| Format: | Article |
| Language: | fas |
| Published: |
University of Tehran
2009-04-01
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| Series: | بررسیهای حسابداری و حسابرسی |
| Subjects: | |
| Online Access: | https://acctgrev.ut.ac.ir/article_19958_55fa5967af71332ae70331f4b53e78d9.pdf |