Beyond the Random Walk A Guide to Stock Market Anomalies and Low-Risk Investing

Name: Beyond the Random Walk A Guide to Stock Market Anomalies and Low-Risk Investing
Price: 7.37 USD
Availability: InStock
ISBN: 9780195158670

ISBN-10: 0195158679

ISBN-13: 9780195158670

Edition: 2004

Authors: Vijay Singal

List price: $32.00

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In an efficient market, all stocks should be valued at a price that is consistent with available information. But as financial expert Vijay Singal, Ph.D., CFA, points out, there are circumstances under which certain stocks sell at a price higher or lower than the right price. In Beyond the Random Walk, Singal discusses ten such anomalous prices and shows how investors might--or might not--be able to exploit these situations for profit. The author distills several decades of academic research into a focused discussion of market anomalies that is both accessible and useful to people with varied backgrounds. Past empirical evidence is supplemented with author's own research using more recent…

Book details

List price: $32.00
Copyright year: 2004
Publisher: Oxford University Press, Incorporated
Publication date: 12/4/2003
Binding: Hardcover
Pages: 368
Size: 9.50" wide x 6.38" long x 1.10" tall
Weight: 1.430
Language: English

Vijay Singal is J. Gray Ferguson Professor of Finance and Chairperson of the Finance Department at the Pamplin College of Business of Virginia Tech. Dr. Singal is an author of many academic and practitioner articles.



Preface


Acknowledgments



Market Efficiency and Anomalies



The January Effect and the New December Effect



The Weekend Effect



Short-Term Price Drift



Momentum in Industry Portfolios



Mispricing of Mutual Funds



Trading by Insiders



Changes to the S&P 500 Index



Merger Arbitrage



International Investing and the Home Bias



Bias in Currency Forward Rates



Understanding and Learning from Behavioral Finance



A Description of Other Possible Mispricings



Financial Instruments



Short Selling



Hedging Market Return


Index