Big Picture on Prevalence of Asset Price Series Trends and Reversals
May 19, 2016 - Big Ideas
Do asset price series in general reliably exhibit trends and reversals? In his May 2016 paper entitled “Trend, Mean-Reversion or Random Walk? A Statistical Analysis of Price Behavior in Major Markets”, Theo Athanasiadis tests a wide variety of financial market price series for existence of significant trends and reversals. He considers both spot and futures price series in U.S…. Keep Reading