Predictability of Stock Returns
DOI:
https://doi.org/10.23918//ijsses.v3i4p105Keywords:
Stock Returns, Theories on Stock Returns, Beta in Finance, Empirical Studies JEL Classification: G10, G11Abstract
Predictability of stock returns has been shown by empirical studies over time. This article collects the most important theories on forecasting stock returns and investigates the factors that affecting behavior of the stocks’ prices and the market as a whole. Estimation of the factors and the way of estimation are the key issues of predictability of stock returns.
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