Round numbers, clustering and reflective barriers in the stock market

dc.contributor.MentorAromí, Daniel
dc.creator.AutorAfflitto, Bernardo
dc.creator.AutorMacedo Guevara, Facundo
dc.date.accessioned2020-03-09T16:18:07Z
dc.date.available2020-03-09T16:18:07Z
dc.date.issued2019-01
dc.descriptionFil: Afflitto, Bernardo. Universidad de San Andrés. Departamento de Economía; Argentina.
dc.descriptionFil: Macedo Guevara, Facundo. Universidad de San Andrés. Departamento de Economía; Argentina.
dc.description.abstractIn an attempt to analyze the random walk hypothesis as the process governing the behaviour of financial asset prices, we study the presence of clustering as well as support and resistance barriers in price series through a number of statistical tests on a sample of 100 companies belonging to the S&P 500. According to our results, there seems to be a significant level of clustering at round numbered price levels, a conclusion aligned with previous literature. However, further tests indicate we cannot assert the existence of barriers.
dc.formatapplication/pdf
dc.identifier.urihttp://hdl.handle.net/10908/16993
dc.languageeng
dc.publisherUniversidad de San Andrés. Departamento de Economía
dc.rightsinfo:eu-repo/semantics/openAccess
dc.rightshttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.titleRound numbers, clustering and reflective barriers in the stock market
dc.typeTesis
dc.typeinfo:eu-repo/semantics/bachelorThesis
dc.typeinfo:ar-repo/semantics/tesis de grado
dc.typeinfo:eu-repo/semantics/updatedVersion
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