The Possibility or Impossibility of Stock Price Prediction: Evidence from the Petrochemical Industry
ObjectiveFama (1970) showed that stock markets have weak efficiency and follow the random walk model, so investors cannot achieve abnormal returns by using historical data. It is very important, therefore, to know about the stock price process. The refining and petrochemical industry companies’ stoc...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | fas |
| Published: |
University of Tehran
2024-03-01
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| Series: | تحقیقات مالی |
| Subjects: | |
| Online Access: | https://jfr.ut.ac.ir/article_96667_f52ddf03213cc13af5f309ec5acb9772.pdf |
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