PPT-Seasonality of Stock Market Returns

FINA 3312 Financial Markets and Institutions Section 201 Sarah Sultan 201000073 Lulu Al Fayaheen 200600515 Fatimah Al Shawaf 200801492 Introduction At times the stock market may face some seasonal variations which would directly affect the investors willingness to continue their relationship with the company they have funded . Size, Seasonality, and Stock Market Overreaction Zarowin, Paul Journal of Financial and Quantitative Analysis; Mar 1990; pg. 113 Reproduced with permission of the copyright owner. Further reproducti A. Introduction to Market Efficiency. An Efficient Capital Market is a market where security prices reflect all available information. . In an efficient market, the expected price of a tradable asset, given the information . Earnings Seasonality and Stock Returns Tom Y. Chang*, Samuel M. Hartzmark † , David H. Solomon* and Eugene F. Soltes ‡ Ma y 2013 PRELIMINARY AND INCOMPLETE Abstract: We present evidence By: ELROY . DIMSON AND MASSOUD . MUSSAVIAN. Marmara University . Social science institute. PhD program of Accounting and finance . Academic year 2011/2012. Supervised by:. Prof.Dr. . . H.SWINT FRIDAY, Ph.D. . TEXAS A&M UNIVERSITY -CORPUS CHRISTI, USA. NHIEU A. BO . TEXAS A&M UNIVERSITY -CORPUS CHRISTI, USA . World Finance and Bankin. g Symposium . Conference . Singapore- December . http://www.iimahd.ernet.in/~impandey/ IS THERE SEASONALITY IN THE SENSEX MONTHLY RETURNS?ABSTRACT The presence of the seasonal or monthly effect in stock returns has been reported in severaldeveloped Martin Sewell. mvs25@cam.ac.uk. University of Cambridge. Objective. The aim is to build an agent-based artificial stock market and explore the effect of the ratio of fundamental analysts to technical analysts, and whether and when the resultant time series displays the statistical properties exhibited by a real market.. Chapter 23. Outline. Passive vs. Active Investing. Why Is It Hard to Beat the Market?. How to Really Pick Stocks, Seriously. Other Benefits and Costs of . Stock Markets. 2. Introduction. “. A blindfolded monkey throwing darts at . by . Jaza. el . dossari. (200801324). Roba. Al-. gothmi. (200700131). Eman. Al-. shanqaiti. (200801571). Mada. Al-. enizi. (200801576). Seasonality of stock markets returns . Introduction. Seasonality refers to regular and . The Efficient Market Hypothesis . The efficient market hypothesis . Event studies . Are markets efficient? . . Weak-form t. ests: Predictability in stock . market returns. . . Bodie, Kane and Marcus. Essentials of Investments . 9. th. Global Edition. . 8. 8.1 Random Walks and Efficient Market Hypothesis. Random Walk. Notion that stock price changes are random. Efficient Market Hypothesis (EMH). and expectations: Evidence from Brazil Rendimientos de las acciones, las variables de la macroeconomía y expectativas: Evidencia en Brasil Lúcio Linck luciolinck@yahoo.com.br Bachelor’s Degree . Emotion and Feeling in Decision-Making. Psychologists believe that emotion and feelings influence decisions. Consider two models:. affect . and. heuristic. . Affect. refers to subtle feelings . Paper Author: Paul C. . Tetlock. Presenter: Yutong . Xiong. Overview. Based on a casual observation that the content of news about the stock market could be linked to investor psychology and sociology (how?).