LONG-TERM AND SHORT-TERM PRICE MEMORY IN THE STOCK-MARKET

Authors
CHOW KV DENNING KC FERRIS S NORONHA G
Citation
Kv. Chow et al., LONG-TERM AND SHORT-TERM PRICE MEMORY IN THE STOCK-MARKET, Economics letters, 49(3), 1995, pp. 287-293
Citations number
21
Categorie Soggetti
Economics
Journal title
Economics letters → ACNP
ISSN journal
01651765
Volume
49
Issue
3
Year of publication
1995
Pages
287 - 293
Database
ISI
SICI code
0165-1765(1995)49:3<287:LASPMI>2.0.ZU;2-2
Abstract
In this study we examine the issue of memory in common stock returns t hrough an analysis of short- and long-term dependencies in various equ ity return series. We conclude that there is no compelling evidence th at would support a finding of systematic dependencies in the behavior of equity returns.