Because it bases statistical significance directly on trading strategies, the approach allows us to measure the degree of market friction needed to account for this statistical significance. I find that market frictions provide adequate explanation.Table 2: Market anomalies Many observed market phenomena cannot be explained by the paradigm of the EMH. ... In contrast to fundamental analysis, technical analysis does not utilize economic fundamentals such as earnings, leverageanbsp;...
|Title||:||A Study of Autocorrelations and Other Lead-lag Effects Using Game-theoretic Efficient Market Hypotheses|
|Publisher||:||ProQuest - 2008|