Sunday, June 09, 2013

New pattern for stock prices

New pattern to predict stock prices, multiplies return by factor 5.

Does it work? Positive memory for stock prices: "I looked at the daily performance the following day (again comparing day-to-day close prices), for companies who ranked either #1 or #500 today. Companies that ranked #1 today also experienced (on average) a boost in stock price the next day. The boost was more substantial for companies experiencing a 7.5% (or more) price increase today. And the return boost on the next day was statistically significant, and quite large."

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