Market Anomaly: Weekend Effect of Monday and Friday Stock Returns
This article was written by Sergey Okun – Senior Financial Analyst, I Know First, Ph.D. in Economics.
Summary:
- A correctly identifying market anomaly can generate a profit for an investor that enables him to beat the market.
- We have tested the Weekend effect anomaly and we have found that exploration of this anomaly cannot provide an eager return for an investor today.
- The I Know First AI algorithm can identify working market anomalies that could be difficultly recognizable for a general investor.
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