A Semi-Strong Form Evaluation of the Efficiency of the Hog Futures Market
โ Scribed by Raymond M. Leuthold and Peter A. Hartmann
- Book ID
- 121487219
- Publisher
- Oxford University Press
- Year
- 1979
- Tongue
- English
- Weight
- 667 KB
- Volume
- 61
- Category
- Article
- ISSN
- 0002-9092
- DOI
- 10.2307/1239434
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
To provide evidence for his conclusion, Maberly used a simulation analysis to develop spot and futures prices which were used to estimate the parameters in ## Research for this article was partially completed while Emmett Elam was a faculty member in the Depart- The authors would like to thank Si
market is defined to be efficient if there exists no profitable trading strategy. This has to hold even if all currently available information about the market (excluding inside information) has been skillfully used. The question of whether or not a market satisfies this criterion is of considerable
It should be emphasized that the hedge position is a long-long or short-short hedge rather than the conventional long-short hedge, because the USDX futures price is quoted in "European terms" whereas the component FX forward prices are expressed in 'American terms.