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International Journal of Applied Research
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ISSN Print: 2394-7500, ISSN Online: 2394-5869, CODEN: IJARPF

IMPACT FACTOR (RJIF): 8.4

Vol. 2, Issue 10, Part K (2016)

An analytical study of weak form efficiency on individual stocks

An analytical study of weak form efficiency on individual stocks

Author(s)
Dr. Neelam Gupta
Abstract
The efficient markets hypothesis (EMH) widely known as the Random Walk Theory, is the plan that current stock prices fully reflect available information about the value of the firm, and there is no way to earn excess profits, (more than the market overall), by using this information. It deals with one of the most fundamental and exciting issues in finance - why prices change in security markets and how those changes take place. It has very important implications for investors as well as for financial managers. Many investors try to identify securities that are undervalued, and are expected to increase in value in the future, and particularly those that will increase more than others. Many investors, including investment managers, believe that they can select securities that will outperform the market. They use a variety of forecasting and valuation techniques to help them in their investment decisions. The main objective of this research paper is to study the weak form efficiency on individual stocks through run test in the Indian stock market.
Pages: 768-771  |  240 Views  54 Downloads
How to cite this article:
Dr. Neelam Gupta. An analytical study of weak form efficiency on individual stocks. Int J Appl Res 2016;2(10):768-771.
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