Both stochastic dominance and Omegaratio can be used to examine whether the market is efficient, whether there is any arbitrage opportunity in the market and whether there is any anomaly in the market. In this paper, we first study the relationship between stochastic dominance and the Omega...

The research is comprised of empirical findings in making a clear perceptive of the sagacity of investors, stock returns, and stock market efficiency behavior in the theoretical frame of behavioral finance pattern. The analyses employed a long extent of Pakistan stock market Returns data from...