Guo, Hui (contributor); Savickas, Robert (contributor) - 2004 - [Elektronische Ressource]
opportunities is an important determinant of asset prices.
Keywords: Idiosyncratic Volatility, Stock Market Volatility, Value … the equal-weighted total volatility is
positively and significantly related to future stock market returns, although … stock market
volatility has negligible predictive power.
1
However, subsequent studies, e.g., Bali, Cakici, Yan,
and …