Matches in SemOpenAlex for { <https://semopenalex.org/work/W4384927688> ?p ?o ?g. }
- W4384927688 endingPage "14" @default.
- W4384927688 startingPage "1" @default.
- W4384927688 abstract "Modern mainstream financial theory is underpinned by the efficient market hypothesis, which posits the rapid incorporation of relevant information into asset pricing. Limited prior studies in the operational research literature have investigated tests designed for random number generators to check for these informational efficiencies. Treating binary daily returns as a hardware random number generator analogue, tests of overlapping permutations have indicated that these time series feature idiosyncratic recurrent patterns. Contrary to prior studies, we split our analysis into two streams at the annual and company level, and investigate longer-term efficiency over a larger time frame for Nasdaq-listed public companies to diminish the effects of trading noise and allow the market to realistically digest new information. Our results demonstrate that information efficiency varies across years and reflects large-scale market impacts such as financial crises. We also show the proximity to results of a well-tested pseudo-random number generator, discuss the distinction between theoretical and practical market efficiency, and find that the statistical qualification of stock-separated returns in support of the efficient market hypothesis is dependent on the driving factor of small inefficient subsets that skew market assessments." @default.
- W4384927688 created "2023-07-22" @default.
- W4384927688 creator A5035900693 @default.
- W4384927688 date "2023-07-20" @default.
- W4384927688 modified "2023-10-14" @default.
- W4384927688 title "On random number generators and practical market efficiency" @default.
- W4384927688 cites W1534947852 @default.
- W4384927688 cites W1554166313 @default.
- W4384927688 cites W1580145217 @default.
- W4384927688 cites W1887587183 @default.
- W4384927688 cites W1963898916 @default.
- W4384927688 cites W1975855381 @default.
- W4384927688 cites W1998296357 @default.
- W4384927688 cites W2003828370 @default.
- W4384927688 cites W2025467229 @default.
- W4384927688 cites W2062819031 @default.
- W4384927688 cites W2067361139 @default.
- W4384927688 cites W2068002174 @default.
- W4384927688 cites W2068502909 @default.
- W4384927688 cites W2069712243 @default.
- W4384927688 cites W2090637028 @default.
- W4384927688 cites W2095595785 @default.
- W4384927688 cites W2097346962 @default.
- W4384927688 cites W2100862493 @default.
- W4384927688 cites W2103467996 @default.
- W4384927688 cites W2110348891 @default.
- W4384927688 cites W2116988722 @default.
- W4384927688 cites W2121224351 @default.
- W4384927688 cites W2121938114 @default.
- W4384927688 cites W2130217286 @default.
- W4384927688 cites W2148962857 @default.
- W4384927688 cites W2150707112 @default.
- W4384927688 cites W2153146814 @default.
- W4384927688 cites W2157295749 @default.
- W4384927688 cites W2160508314 @default.
- W4384927688 cites W2166368077 @default.
- W4384927688 cites W2168912254 @default.
- W4384927688 cites W2346775071 @default.
- W4384927688 cites W2472654898 @default.
- W4384927688 cites W2473204212 @default.
- W4384927688 cites W2552639912 @default.
- W4384927688 cites W2617918452 @default.
- W4384927688 cites W2624385633 @default.
- W4384927688 cites W2626338623 @default.
- W4384927688 cites W2766338544 @default.
- W4384927688 cites W2773501902 @default.
- W4384927688 cites W2797170815 @default.
- W4384927688 cites W2802658499 @default.
- W4384927688 cites W2889880961 @default.
- W4384927688 cites W2899108681 @default.
- W4384927688 cites W2901769706 @default.
- W4384927688 cites W2902437505 @default.
- W4384927688 cites W2950858433 @default.
- W4384927688 cites W2953725804 @default.
- W4384927688 cites W3121886065 @default.
- W4384927688 cites W3122305330 @default.
- W4384927688 cites W3123195224 @default.
- W4384927688 cites W3125574887 @default.
- W4384927688 cites W3126443786 @default.
- W4384927688 cites W3163975641 @default.
- W4384927688 cites W4231546411 @default.
- W4384927688 cites W4236054934 @default.
- W4384927688 doi "https://doi.org/10.1080/01605682.2023.2219292" @default.
- W4384927688 hasPublicationYear "2023" @default.
- W4384927688 type Work @default.
- W4384927688 citedByCount "0" @default.
- W4384927688 crossrefType "journal-article" @default.
- W4384927688 hasAuthorship W4384927688A5035900693 @default.
- W4384927688 hasBestOaLocation W43849276881 @default.
- W4384927688 hasConcept C149782125 @default.
- W4384927688 hasConcept C151730666 @default.
- W4384927688 hasConcept C162324750 @default.
- W4384927688 hasConcept C2780299701 @default.
- W4384927688 hasConcept C2780762169 @default.
- W4384927688 hasConcept C29368100 @default.
- W4384927688 hasConcept C41008148 @default.
- W4384927688 hasConcept C43711488 @default.
- W4384927688 hasConcept C76155785 @default.
- W4384927688 hasConcept C86803240 @default.
- W4384927688 hasConcept C91602232 @default.
- W4384927688 hasConceptScore W4384927688C149782125 @default.
- W4384927688 hasConceptScore W4384927688C151730666 @default.
- W4384927688 hasConceptScore W4384927688C162324750 @default.
- W4384927688 hasConceptScore W4384927688C2780299701 @default.
- W4384927688 hasConceptScore W4384927688C2780762169 @default.
- W4384927688 hasConceptScore W4384927688C29368100 @default.
- W4384927688 hasConceptScore W4384927688C41008148 @default.
- W4384927688 hasConceptScore W4384927688C43711488 @default.
- W4384927688 hasConceptScore W4384927688C76155785 @default.
- W4384927688 hasConceptScore W4384927688C86803240 @default.
- W4384927688 hasConceptScore W4384927688C91602232 @default.
- W4384927688 hasLocation W43849276881 @default.
- W4384927688 hasLocation W43849276882 @default.
- W4384927688 hasLocation W43849276883 @default.
- W4384927688 hasLocation W43849276884 @default.
- W4384927688 hasOpenAccess W4384927688 @default.
- W4384927688 hasPrimaryLocation W43849276881 @default.
- W4384927688 hasRelatedWork W1558862281 @default.