The DOI matches its Crossref record.
SPECTRAL ANALYSIS OF NEW YORK STOCK MARKET PRICES
Abstract
New York stock price series are analyzed by a new statistical technique. It is found that short-run movements of the series obey the simple random walk hypothesis proposed by earlier writers, but that the long-run components are of greater importance than suggested by this hypothesis. The seasonal variation and the ‘businesscycle’ components are shown to be of little or no importance and a surprisingly small connection was found between the amount of stocks sold and the stock price series.
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Citations
Cited by
The evolution of stock market efficiency over time: A survey of the empirical literature
Lim, K.-P., & Brooks, R. (2011) · Journal of Economic Surveys · doi:10.1111/j.1467-6419.2009.00611.x · Cited by 410
Market Efficiency in Emerging Stock Market: Evidence from Bangladesh
Mobarek, A., Mollah, A. S., & Bhuyan, R. (2008) · Journal of Emerging Market Finance · doi:10.1177/097265270700700102 · Cited by 75
Metadata
- Authors
- GRANGER, C. W. J., & MORGENSTERN, O.
- Venue
- Kyklos
- Publisher
- Wiley
- Published
- 1963-02
- Volume
- 16
- Issue
- 1
- Pages
- 1-27
- ISSN
- 0023-5962 (ISSN-L)
- 1467-6435
- OpenAlex
- W2103096761
- Cited by
- 381
- References
- 0
- FWCI
- 75.24
- Type
- journal article
- Language
- en
- Open access
- closed
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- CoChat. (2026). Citation check: SPECTRAL ANALYSIS OF NEW YORK STOCK MARKET PRICES. https://app.cochat.ai/papers/10.1111/j.1467-6435.1963.tb00270.x
- The paper
- GRANGER, C. W. J., & MORGENSTERN, O. (1963). SPECTRAL ANALYSIS OF NEW YORK STOCK MARKET PRICES. Kyklos. https://doi.org/10.1111/j.1467-6435.1963.tb00270.x
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
