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• W3124083251 abstract "Recent works suggest a potentially exploitable effect in US markets, the ‘Halloween Indicator’. This suggests that the greater part of changes in equity markets arises over the November–April period, with little change over the summer months, simultaneous with no evident changes in the risk profiles of the two six-month periods. We re-examine this and find contradictory evidence. Over the 1926–2002 period we find rather that the effect demonstrated may well be a reflection of the well-known January anomaly. Our conclusion therefore is that the jury remains out on the existence of a semi-annual seasonality." @default.
• W3124083251 created "2021-02-01" @default.
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• W3124083251 date "2008-12-01" @default.
• W3124083251 modified "2023-10-12" @default.
• W3124083251 title "Halloween or January? Yet another puzzle" @default.
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• W3124083251 doi "https://doi.org/10.1016/j.irfa.2006.03.003" @default.
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