The Returns of US Capital Market in the First Days of Purchase Transactions Associated to the Halloween Strategies

Razvan Stefanescu and Ramona Dumitriu
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Razvan Stefanescu: Dunarea de Jos University of Galati, Romania
Ramona Dumitriu: Dunarea de Jos University of Galati, Romania

Economics and Applied Informatics, 2025, issue 2, 265-272

Abstract: The acquisitions of stocks implied by the Halloween Strategy could cause abnormal high returns in the first part of November. This paper approaches the behavior of the returns from United States capital markets in two time intervals: the first one from 1st to 9th November and second one from 4th to 8th November. Our investigation uses four maor indexes and it covers three periods: January 1995 - December 2006, January 2007 - December 2015 and January 2016 - December 2024. We found abnormal high returns in the two time intervals for the first and third periods.

Keywords: Calendar anomalies; Halloween strategies; United States capital market (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fseeai:y:2025:i:2:p:265-272

DOI: 10.35219/eai15840409536

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