Excess volatility and comovement in individual stocks

Bharati, Rakesh; Gupta, Manoj
June 1998
American Business Review;Jun98, Vol. 16 Issue 2, p77
Academic Journal
Presents a study to test for excess volatility in the prices of eighteen major United States' stocks to establish an understanding of volatility of prices to dividends at the security level. Important reasons for testing of excess volatility at the security level with a large number of stocks; Methodological framework used in the study; Strategy used for the computation of fundamental prices.


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