Are You Trading Predictably?

Cover thumbnail
  1. Poor
  2. Satisfactory
  3. Good
  4. Very Good
  5. Excellent

Average: 4.5 (2 ratings)

Financial Analysts Journal
March/April 2011 | Vol. 67 | No. 2 | 9 pages
Source: CFA Institute
Steven L. Heston Robert A. Korajczyk Ronnie Sadka Lewis D. Thorson

US$0.00 Member | US$0.00 Candidate | US$15.00 Nonmember



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.

View more information

Credits · About the CE Program
1 CE (including 0 SER) Manage CE Credits

People who viewed this page also viewed:

The Role of Institutional Investors in Curbing Corporate Short-Termism
CFA Institute: Financial Analysts Journal
CFA Institute Career Guide 2015-2016
CFA Institute: Career Resources

Loading ...