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dc.contributor.authorCarson, Clarkeen_NZ
dc.date.available2011-04-07T03:14:46Z
dc.date.copyright2000-06-12en_NZ
dc.identifier.citationCarson, C. (2000, June 12). Mean reversion in Australasia (Thesis). Retrieved from http://hdl.handle.net/10523/1347en
dc.identifier.urihttp://hdl.handle.net/10523/1347
dc.description.abstractThe strong-form version of the efficient market hypothesis states that all information, past and current, is incorporated into the current share price, thus making investing a chance exercise. This study examines this by testing for mean reversion, ie., investor overreaction. I use all stocks that traded on either the New Zealand Stock Exchange or the Australian Stock Exchange from 1991 — 1999 to test if profits are possible by selling stocks that are performing well to purchase stocks that are performing poorly. This strategy finds that profits using this technique are insignificant, suggesting there is no mean reversion present in these markets.en_NZ
dc.subjectmean reversionen_NZ
dc.subjectinvestor overreactionen_NZ
dc.subjectNew Zealand Stock Exchangeen_NZ
dc.subjectAustralian Stock Exchangeen_NZ
dc.subject1991 — 1999,en_NZ
dc.subjectEfficient market hypothesisen_NZ
dc.subject.lcshHF Commerceen_NZ
dc.subject.lcshHF5601 Accountingen_NZ
dc.subject.lcshHG Financeen_NZ
dc.titleMean reversion in Australasiaen_NZ
dc.typeThesisen_NZ
dc.description.versionUnpublisheden_NZ
otago.bitstream.pages33en_NZ
otago.date.accession2007-03-29en_NZ
otago.schoolFinanceen_NZ
thesis.degree.disciplineFinanceen_NZ
thesis.degree.grantorUniversity of Otagoen_NZ
thesis.degree.levelMasters Thesesen_NZ
otago.interloanyesen_NZ
otago.openaccessAbstract Only
dc.identifier.eprints566en_NZ
otago.school.eprintsFinance & Quantitative Analysisen_NZ
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