A variance ratio test of random walk in the stock exchange of Singapore

• Main Authors: Choo, Boon Poh, Tan, Heng Jack, Neo, Boon Sim
• Other Authors: Tan Hwee Cheng
• Format: Final Year Project
• Language: English
• Published: 2015
• Subjects: DRNTU::Business::Accounting
• Online Access: http://hdl.handle.net/10356/62967
• Institution: Nanyang Technological University

This study aims to provide an insight into the behaviour of the local stock market by testing the random walk hypothesis. Random walk is an important concept which underlies the behaviour of stock prices in a weak-form efficient market. The outcome of such a test has several significant implicati...