How Long to Read Beyond the Random Walk

How Long Does it Take to Read Beyond the Random Walk?

It takes the average reader 6 hours and 19 minutes to read Beyond the Random Walk by Vijay Singal

Assuming a reading speed of 250 words per minute. Learn more

Description

In an efficient market, all stocks should be valued at a price that is consistent with available information. But as financial expert Vijay Singal, Ph.D., CFA, points out, there are circumstances under which certain stocks sell at a price higher or lower than the right price. In Beyond the Random Walk, Singal discusses ten such anomalous prices and shows how investors might--or might not--be able to exploit these situations for profit. The author distills several decades of academic research into a focused discussion of market anomalies that is both accessible and useful to people with varied backgrounds. Past empirical evidence is supplemented with author's own research using more recent data. Anomalies covered include the "December Effect," "Momentum in Industry Stocks," "S&P 500 Index Changes," "Trading by Insiders," and "Merger Arbitrage." In each chapter, the author describes the particular anomaly, explains how it occurs, shows ways to take advantage of the anomaly, and highlights the risks involved. We learn, for example, that shares of stocks that have appreciated in recent months become scarce in late December, because investors wait until January before they sell (to postpone payment of taxes on profits). This scarcity drives the price up--the "December Effect"--and smart buyers can make the equivalent of 75% annual return on a five-day investment. Each chapter includes suggestions for further reading as well as tables and graphs that support the discussion. The book concludes with a preview of many other interesting anomalies and a section on how investor behavior might influence prices. Clearly written and informative, this well-researched volume is a must read for investors, traders, market specialists, and students of financial markets.

How long is Beyond the Random Walk?

Beyond the Random Walk by Vijay Singal is 368 pages long, and a total of 94,944 words.

This makes it 124% the length of the average book. It also has 116% more words than the average book.

How Long Does it Take to Read Beyond the Random Walk Aloud?

The average oral reading speed is 183 words per minute. This means it takes 8 hours and 38 minutes to read Beyond the Random Walk aloud.

What Reading Level is Beyond the Random Walk?

Beyond the Random Walk is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Beyond the Random Walk?

Beyond the Random Walk by Vijay Singal is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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