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Details for article 9 of 11 found articles
| Title: |
The winner/loser hypothesis: some preliminary Australian evidence on the impact of changing risk |
| Author: |
Allen, D. E. Prince, Robert |
| Appeared in: |
Applied economics letters |
| Paging: | Volume 2 (1995) nr. 8 pages 280-283 |
| Year: |
1995-08-01 |
| Contents: |
The extent of the winner-loser anomaly on the Austalian equities market for the period 1974-91 is examined. Documentation of the contrarian strategy is argued as being invalid unless compensation is made for changing risk premiums through time. The evidence shows a slight reversal for the winner portfolio based on raw returns, but risk adjusted winners continue to be winners and losers persist as losers although the behaviour is not statistically significant. |
| Publisher: |
Routledge |
| Source file: |
Elektronische Wetenschappelijke Tijdschriften |
Details for article 9 of 11 found articles
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