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A methodology based on the algorithmic complexity theory has been applied to assess the relative efficiency of the stocks listed on Bovespa. We provide eight alternative listings of the top ten stocks according to their efficiency rates.
Persistent link: https://www.econbiz.de/10008595908
Financial economists usually assess market efficiency in absolute terms. This is to be viewed as a shortcoming. One way of dealing with the relative efficiency of markets is to resort to the efficiency interpretation provided by algorithmic complexity theory. We employ such an approach in order...
Persistent link: https://www.econbiz.de/10005836917
stockmarket is efficient in processing new information about public macroeconomic data (semi-strong efficiency). We find the …
Persistent link: https://www.econbiz.de/10005621378
Financial economists usually assess market efficiency in absolute terms. This is to be viewed as a shortcoming. One way of dealing with the relative efficiency of markets is to resort to the efficiency interpretation provided by algorithmic complexity theory. We employ such an approach in order...
Persistent link: https://www.econbiz.de/10005623558
We detected rational bubbles in 22 emerging stockmarkets using both standard and threshold cointegration. Eighteen stockmarkets experienced explosive bubbles (and some of them periodically collapsing bubbles as well). The remaining four markets experienced periodically collapsing bubbles only.
Persistent link: https://www.econbiz.de/10005836174
a role, and that the market promptly assimilated new information. …
Persistent link: https://www.econbiz.de/10008587841