Tests of Market Timing And Mutual Fund Performance
Tests of Market Timing And Mutual Fund Performance
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In our eReader you can find the full English version of the book. Read Tests of Market Timing And Mutual Fund Performance Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Tests of Market Timing And Mutual Fund Performance
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0 0. 5 1. 5 -31- FIGURE 8: TEST # 6 DISTRIBUTION E0. O 15 10 5. 0 C 0. 5 1. 5 -32- FIGURF. 9: TKST if 7 DISTRIBUTION 20. 0 15. 0 10 5. 0 0. 0 0. 5 1. 5 -33- FIGURi: 10; 1l. ST •• 8 DISTRIBUTION 150 10. 0 -34- Another problem that is more difficult to deal with is potential errors in identifying the correct market forecast. One potential error is due to the discrete quarterly timing of the data used to determine the forecasts. The adjustment process may differ from the data intervals used.
An ex...ample of this problem would be as follows. The proportion of the fund in stocks increased from 0% to 50% from March 31 to June 30, 1980, thus indicating a forecast that the return on the market will exceed the return from bonds. However, the proportion of the fund in stocks may have been 100% on May 31. This would imply that the managers of the fund had actually been reducing the proportion of the fund in stocks over the last month of the quarter, thus indicating a forecast that bonds would outperform stocks.
What to read after Tests of Market Timing And Mutual Fund Performance?
You can find similar books in the "Read Also" column, or choose other free books by Roy Henriksson to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
0 0. 5 1. 5 -31- FIGURE 8: TEST # 6 DISTRIBUTION E0. O 15 10 5. 0 C 0. 5 1. 5 -32- FIGURF. 9: TKST if 7 DISTRIBUTION 20. 0 15. 0 10 5. 0 0. 0 0. 5 1. 5 -33- FIGURi: 10; 1l. ST •• 8 DISTRIBUTION 150 10. 0 -34- Another problem that is more difficult to deal with is potential errors in identifying the correct market forecast. One potential error is due to the discrete quarterly timing of the data used to determine the forecasts. The adjustment process may differ from the data intervals used.
An ex...ample of this problem would be as follows. The proportion of the fund in stocks increased from 0% to 50% from March 31 to June 30, 1980, thus indicating a forecast that the return on the market will exceed the return from bonds. However, the proportion of the fund in stocks may have been 100% on May 31. This would imply that the managers of the fund had actually been reducing the proportion of the fund in stocks over the last month of the quarter, thus indicating a forecast that bonds would outperform stocks.
What to read after Tests of Market Timing And Mutual Fund Performance?
You can find similar books in the "Read Also" column, or choose other free books by Roy Henriksson to read onlineMoreLess
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