The component of the return that is not due to systematic influences (market-wide influences). In other words, the abnormal returns is the difference between the actual return and that is expected to result from market movements (normal return). Related: excess returns.
Found on
http://www.duke.edu/~charvey/Classes/wpg/bfglosa.htm
Used in the context of stock returns; means the return to a portfolio in excess of the return to a market portfolio. Contrast excess returns which means something else. Note that abnormal returns can be negative. Example: Suppose average market return to a stock was 10% for some calendar year, meaning stocks overall were 10% higher at the end of th...
Found on
http://www.econterms.com/glossary.cgi?query=abnormal+returns
Part of the return that is not due to systematic influences (market wide influences). In other words, abnormal returns are above those predicted by the market movement alone. Related: excess returns.
Found on
http://www.encyclo.co.uk/local/20047
The component of the return that is not due to systematic influences (market-wide influences). In ot
Found on
http://www.encyclo.co.uk/local/22402
No exact match found.
