Are You Trading Predictably? PoorSatisfactoryGoodVery GoodExcellent Average: 4 (1 rating) Log in to rate this article. Financial Analysts Journal March/April 2011, Vol. 67, No. 2, 9 pages Source: CFA InstituteSteven L. Heston Robert A. Korajczyk Ronnie Sadka Lewis D. Thorson Read Listen Abstract The authors find predictable patterns in stock returns. Stocks whose relative returns are high in a given half hour today exhibit similar outperformance in the same half hour on subsequent days. The effect is stronger at both the beginning and the end of the trading day. These results suggest that strategically shifting the timing of trades can significantly reduce execution costs for institutional traders. Self-test View more information Topics Behavioral Finance : Institutional Investor Decision Making | Equity Investments | Performance Measurement and Evaluation : Specific Investor Issues | Portfolio Management : Equity Portfolio Management Strategies Price US$0.00 Member | US$15.00 Candidate | US$15.00 Nonmember Credits · About the CE Program What are credits? Who knows. 1 CE (including 0 SER) Record credits Credits recorded Members, log in to record your credits. Manage CE Credits People who viewed this page also viewed: MarketPsych: How to Manage Fear and Build Your Investor Identity This practitioner-oriented book takes the subject of behavioral finance from the quaint and theoretical to the powerful and practical. ... More Mind Over Money: Can Markets Be Rational When Humans Aren't? This video from PBS explores the idea of rational markets in an irrational world. More Gold as an Investment In this video, learn about why people invest in gold, what factors impact various methods of investing in gold, and how liquidity impacts ... More Loading ...