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Beyond the Random Walk: A Guide to Stock Market Anomalies and Low-Risk Investing

Beyond the Random Walk: A Guide to Stock Market Anomalies and Low-Risk Investing Paperback - 2006 - 1st Edition

by Vijay Singal

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In an efficient market, all stocks should be valued at a price that is consistent with available information. But as financial expert Singal points out, there are circumstances under which certain stocks sell at a price higher or lower than the right price. Here he discusses ten such anomalous prices and shows how investors might--or might not--be able to exploit these situations for profit.

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First line

This chapter addresses common questions related to market efficiency and anomalies.

About the author

Vijay Singal is J. Gray Ferguson Professor of Finance and Chairperson of the Finance Department at the Pamplin College of Business of Virginia Tech. Dr. Singal is an author of many academic and practitioner articles.