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Fair game properties - PowerPoint PPT Presentation

LECTURE 4 : EFFICIENT MARKETS AND PREDICTABILITY OF STOCK RETURNS

LECTURE 4 : EFFICIENT MARKETS AND PREDICTABILITY OF STOCK RETURNS. (Asset Pricing and Portfolio Theory). Contents. EMH Different definitions Testing for market efficiency Volatility tests and Regression based models Event studies Are stock returns predictable ? Making money ? .

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Fair game properties - PowerPoint PPT Presentation

LECTURE 4 : EFFICIENT MARKETS AND PREDICTABILITY OF STOCK RETURNS