Crack is from the School of Business, Indiana University; and Ledoit is from the Anderson Graduate School of Management, University of California at Los Angeles. This research was conducted while both authors were at MIT. We thank Paul Asquith, Kenneth French, Roger Huang, and Andrew Lo for advice and encouragement. We thank the editor (René Stulz) and an anonymous referee for constructive criticism. We thank Darrin King for attracting our attention to this area of research. Any errors are ours.
Robust Structure Without Predictability: The “Compass Rose” Pattern of the Stock Market
Article first published online: 30 APR 2012
1996 The American Finance Association
The Journal of Finance
Volume 51, Issue 2, pages 751–762, June 1996
How to Cite
CRACK, T. F. and LEDOIT, O. (1996), Robust Structure Without Predictability: The “Compass Rose” Pattern of the Stock Market. The Journal of Finance, 51: 751–762. doi: 10.1111/j.1540-6261.1996.tb02702.x
- Issue published online: 30 APR 2012
- Article first published online: 30 APR 2012
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