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Market prices, analysts' predictions, and Covid19

Roi D. Taussig

Finance Research Letters, 2022, vol. 46, issue PA

Abstract: This study employs a relatively new statistical method to analyze the time-series of US market prices. Specifically, it shows, that during Covid19, the strongest structural breaks happened. Moreover, since 1993 analysts were not able to predict market stock prices significantly at the 5% level. The new statistical method allows for a better analysis of market prices and analysts' recommendations.

Keywords: Market prices; Asset pricing; Analysts' recommendations; State space model (search for similar items in EconPapers)
JEL-codes: G11 G12 G13 G14 G17 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:46:y:2022:i:pa:s1544612321003536

DOI: 10.1016/j.frl.2021.102343

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