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Stock Return Predictability
Return predictability is found to be driven by changing market conditions, consistent with the implication of the adaptive markets hypothesis. During market crashes, no statistically significant return predictability is observed, but return predictability is associated with a high degree of uncertainty. In times of economic or political crises, stock returns have been highly predictable with a moderate degree of uncertainty in predictability.
Related Journals: Afro-Asian Journal of Finance and Accounting,Quarterly Journal of Finance, Bulletin of Business and Economics, Accounting and Business Research