Wednesday, July 24, 2019
Abstract Essay Example | Topics and Well Written Essays - 250 words - 26
Abstract - Essay Example In this study the researcher wanted to identify which markets have a higher predictability of the time series. The researcher even wanted to identify the relationship between the returns of Indian stock market and the R/S ratio. To conduct the study the author obtained the closing stock rates if different indices that were being trades on Indiaââ¬â¢s stock exchange and this data comprises of data obtained from year 2000 to 2010. The researcher identified that all the stock indices that were employed in the study were close to 0.5 Hurst exponents who shows that the returns from the stock exchange are completely random and the market is quite efficient. The researcher even identified that when the values of R/S ratio were elevated, the returns were even increased and when the R/S ratio was low, the returns were even low. The researcher concludes that the R/S ratio can be used making trading decisions and while analyzing a particular trend in the stock
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