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This paper examines price overreactions in the case of the following cryptocurrencies: BitCoin, LiteCoin, Ripple and Dash. A number of parametric (t-test, ANOVA, regression analysis with dummy variables) and non-parametric (Mann–Whitney U test) tests confirm the presence of price patterns...
Persistent link: https://www.econbiz.de/10011789179
This paper examines price overreactions in the case of the following cryptocurrencies: BitCoin, LiteCoin, Ripple and Dash. A number of parametric (t-test, ANOVA, regression analysis with dummy variables) and non-parametric (Mann-Whitney U test) tests confirm the presence of price patterns after...
Persistent link: https://www.econbiz.de/10011789323
Persistent link: https://www.econbiz.de/10011995547
The idea of this study is derived from observing the profitability of stock investments following the phenomena of continuously rising (or falling) prices of stocks and continuously overbought (or oversold) signals emitted by technical indicators. We employ the standard event study approach and...
Persistent link: https://www.econbiz.de/10013272636
Recent empirical evidence suggests that value and momentum strategies generate significantexcess returns in emerging markets. We confirm these results and extend them in severaldirections. First, we examine a broader range of stock selection strategies, including strategiesbased on analysts'...
Persistent link: https://www.econbiz.de/10011313928
Recently, the investor overreaction catches the attention of the academicians and practitioners. The topic comes under … the limelight of academicians and policymakers. This study, therefore, addresses investor overreaction and its … significant overreaction (distinct reversal) in the stock market in the global-financial crisis period, which may attribute to the …
Persistent link: https://www.econbiz.de/10013184390
Persistent link: https://www.econbiz.de/10010520828
test the profitability of two alternative strategies, one based on the classical overreaction anomaly, the other on a so … data. In the majority of cases strategies based on overreaction anomalies are not profitable, and therefore the latter …
Persistent link: https://www.econbiz.de/10010467097
there is an "inertia anomaly", i.e. after an overreaction day prices tend to move in the same direction for some time. A …
Persistent link: https://www.econbiz.de/10010431281
Persistent link: https://www.econbiz.de/10010431600