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Expected Growth, Required Return, and the Variability of Stock Prices

Published online by Cambridge University Press:  19 October 2009

Robert A. Haugen
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Extract

Stocks differ in the variability of their prices; thus, as the level of stock market prices swings periodically, one observes a change in structure as the prices of more volatile issues change relative to those of a more stable character. Here we attempt to empirically establish some of the differentiating characteristics of these volatile issues. In doing so we add to the empirical and analytical work of Fritzemeier [4], Clendenin [2], Latané [7], Malkiel [8], and Heins and Allison [6]. Only the last of these efforts used regression techniques.

Information

Type
Research Article
Information
Journal of Financial and Quantitative Analysis , Volume 5 , Issue 3 , September 1970 , pp. 297 - 307
Copyright
Copyright © School of Business Administration, University of Washington 1970

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References

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