Are You Trading Predictably? PoorSatisfactoryGoodVery GoodExcellent Average: 4.5 (2 ratings) 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 US$0.00 Member | US$0.00 Candidate | US$15.00 Nonmember Read 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 Credits · About the CE Program 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: Credit Suisse Global Wealth Report The "Credit Suisse Global Wealth Report" is a comprehensive study of world wealth that analyzes the world’s entire 200 trillion ... More Credit Suisse Global Wealth Databook This Databook displays the detailed dataset backing the "Credit Suisse Global Wealth Report," the comprehensive study of world ... More UCITS IV: The Path to Greater Efficiency This paper proposes strategies for capitalizing on the opportunities that may come from UCITS IV, which could potentially create economies ... More Loading ...