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• W3171675618 startingPage "109931" @default.
• W3171675618 abstract "The study examines foreign exchange market overreaction for various combinations of formation and testing periods over 30 years. First, we find that reversal is significant for longer test periods and longer formation periods. Second, we find no evidence of persistent momentum or reversal during the entire sample period. Thus, the results of overreaction studies should be sensitive to the sample period. Third, we observe losers outperform most of the formation and test periods combinations except for the short-term when spot rates are used to construct portfolios. We observe the evidence of overreaction becomes stronger with the longer formation and test period." @default.
• W3171675618 created "2021-06-22" @default.
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• W3171675618 date "2021-08-01" @default.
• W3171675618 modified "2023-10-18" @default.
• W3171675618 title "Market efficiency in foreign exchange market" @default.
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• W3171675618 doi "https://doi.org/10.1016/j.econlet.2021.109931" @default.
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