Testing the weak-form efficiency of agriculture’s capital markets

Abstract

The risk of the increasing divergence of the eurozone and the problem of macroeconomic imbalances in a three-gap model Jacek Pera Structural barriers to research and development activities in emerging markets Review, Vol. 2 (16), No. 2, 2016: 3-17 DOI: 10.18559/ebr.2016Thus we finally rejected the null hypothesis for all indices in all periods. Accordingly agriculture's developed markets are equally inefficient and predictable as its emerging markets. The results of this work suggest that investors can achieve superior returns by investing in agricultural equity markets following a technical analysis and active portfolio approach. Thus this work is in great interest of investors and portfolio managers following an agriculture strategy. The study adds value to current research of market efficiency in developed as well as emerging markets.

Forecasting Stock Prices on the Basis of Technical Analysis in the Industrial Sectors of the UK Stock Market

“…All the researchers claimed that these markets do not follow a random walk hypothesis over the inquiry period and returns are predictable. Furthermore, Ghimire et al (2016) investigated the validity of weak-form market efficiency for six developed and underdeveloped agricultural markets. The findings show that all the markets are weak-form inefficient.…”