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The Efficiency of China's Stock Market
book

The Efficiency of China's Stock Market

by Shiguang Ma
November 2017
Intermediate to advanced content levelIntermediate to advanced
302 pages
16h 35m
English
Routledge
Content preview from The Efficiency of China's Stock Market
Weak Form Efficient or Not? Tests o f Random Walk Hypothesis
107
than in daily returns in Table 5.6 and in weekly returns in Table 5.7 in comparison
with relevant markets.
With the exception of the Q-statistics and LB-statistics, the percentages
rejection of zero serial correlation coefficients of monthly returns in China’s
markets are lower than those of some less developed countries, but close to those
of developed countries. This conclusion is based on the comparison of the
percentages of rejection in Panel C of Tables 5.4 and 5.5 with those in Table 5.8.
5.3 Runs tests
As a parametric test, the serial correlation ...
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Publisher Resources

ISBN: 9781351146913