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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
112
The Efficiency o f China’s Stock Market
R u n s t e s t s o n th e d a il y r e t u r n s in in d i v id u a l s h a r e s o f th e S h a n g h a i a n d S h e n z h e n
m a r k e t s Inspecting the results of the tests on daily returns in Table 5.10, several
notable features can be found. Firstly, positive K-statistics dominate in the tests on
individual A-shares. The positive K-statistic is found in 87.70% (328 of 374) of
Shanghai A-shares and in 78.01% (266 of 341) of Shenzhen A-shares. The feature
that the actual runs exceed the expected runs reveals that the reversals preponderate
over trends in most ...
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Publisher Resources

ISBN: 9781351146913