Randomness of stock market movement: a nonparametric approach
In the weak form of the efficient market hypothesis (EMH), it is assumed that stock prices move in a random fashion. In this study, the focus is on the national stock indices rather than on the stock prices, and to determine whether the stock indices behave in a manner consistent with the random wal...
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| Format: | Article |
| Language: | English |
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Penerbit Universiti Kebangsaan Malaysia
1991
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| Online Access: | http://journalarticle.ukm.my/7935/1/762-1455-1-SM.pdf http://journalarticle.ukm.my/7935/ http://ejournals.ukm.my/pengurusan/issue/view/200 |
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