Abnormal Returns News Today

In this article, we will take a detailed look at Republican Congress Members and Insiders are Buying These 10 Stocks. For a quick overview of such stocks, read our article Republican Congress Members and Insiders are Buying These 5 Stocks. Investors are often perplexed by the proficiency and expertise of American politicians when it comes to stock picking. Their […]

This paper investigates the impact of 19 announcements pertaining to the introduction of value-added tax (VAT) in the United Arab Emirates (UAE) on equities listed on the Abu Dhabi Stock Exchange (ADX). Using a well-established event study methodology over the period 2015 to 2018, a sector-wise assessment of the value constructiveness or destructiveness of these announcements is conducted. In addition, an estimation of sector-wise changes in systematic risk following these announcements is provi...

We assess the effect of the recent royal wedding of Prince Harry and Meghan Markle on various sectors of the UK stock market over the period between November 2017 and May 2018. For this purpose, the event study methodology is used to estimate abnormal returns and conduct several robustness tests such as the Corrado ranking test, the Chesney non-parametric conditional distribution approach, the Fama-French five-factor model, the market model, allowing for market integration, and the removal of fi...

The financial advice guru discusses his time-management hacks, the benefits and limitations of direct indexing, and the myth of fee compression in the advice space.

The financial advice guru discusses his time-management hacks, the benefits and limitations of direct indexing, and the myth of fee compression in the advice space.

Our objective in this paper is to explore the impact of 21 terrorist attacks on the risk and return of cryptocurrencies. This is motivated by the rapid increase in Bitcoin and other cryptocurrency prices in conjunction with uncertainty about cryptocurrency fundamental value and how this value is determined. Using daily cryptocurrency returns and the event study methodology, we estimate cryptocurrency abnormal returns around terrorist activities. Asset pricing models are fitted with interaction v...

Following the rampant increase in Bitcoin prices, there has been a proliferation of cryptocurrencies, which have become a major way of doing business across national boundaries. This paper investigates the link between cryptocurrency markets and drug trafficking activities. More specifically, we explore the impact of the announcement of 24 major drug busts on the systematic risk and return of the world cryptocurrency market. We deploy an event study methodology to estimate the abnormal returns a...

The financial blogger and Ritholtz director of financial education discusses the interplay between portfolio consumption and annuitization.

The financial blogger and Ritholtz director of investor education discusses direct indexing, retirement income, and his go-to resources for perspective on the markets and personal finance.