Revisiting the weak-form efficiency of the australian stock market

We use recent daily data and several testing procedures to re-investigate the weak-form efficiency of the Australian stock of the top 50 companies across different industries. Contrary to most prior studies, our results suggest that the Australian market is weak-form efficient with little or no evidence for short-term return predictability.

Australian Stock Market ,

Weak-Form Market Efficiency ,

Short-Term Predictability ,

Filter-Rules Test ,