Badanie warunków kontynuacji ruchu cenowego na rynku kapitałowym
Price continuation on capital markets
Author(s): Jacek Bednarz, Stanisław GędekSubject(s): Economy
Published by: Szkoła Główna Gospodarstwa Wiejskiego w Warszawie
Keywords: stock market; market efficiency; market index; price continuation; turning points
Summary/Abstract: In several papers published recently an opportunity is argued to develop investment strategies based on momentum and price continuation. This opinion seems to contradict the fundamental in the modern investment theory assumption of stock market efficiency. The aim of this study is to test the presence and determinants of the price continuation using data for WIG 20 Warsaw Stock Exchange market index.
Journal: Metody Ilościowe w Badaniach Ekonomicznych
- Issue Year: XII/2011
- Issue No: 2
- Page Range: 37-47
- Page Count: 11
- Language: Polish