Essays about: "Excessive homogenous dispersion"

Found 1 essay containing the words Excessive homogenous dispersion.

  1. 1. Herd Behaviour Myopia: Problems with assessing market rationality on the US stock market based on conventional herding measures.

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Carl Lexner; Martin Svensson; [2018]
    Keywords : Herd Behaviour; Excessive homogenous dispersion; Excessive heterogeneous dispersion; Sector-level;

    Abstract : This paper aims to test the presence of herd behaviour in the seemingly rational US stock market by observing the behavioural tendencies at a sectoral-level. A model developed by Chang et al. (2000), where the measurement for herding is the dispersion between individual portfolio returns relative to the market return, is used. READ MORE