{"product_id":"the-persistence-of-seasonality-von-vincent-smits","title":"The Persistence of Seasonality","description":"\u003cp\u003eInvestors and academics have long been intrigued by  seasonality effects on stock returns. In this research  it was tested whether any significant monthly returns  persist over time. The results obtained in this  research provide evidence for seasonality in stock  returns during the 1926 ¿ 2009 period. Extended  analysis of persistence across time showed that  monthly stock returns are in fact not persistent over  longer time periods, for all portfolios except for the  smallest size portfolios. The extended analysis  further revealed that evidence of persistence is  highly correlated with the size effect.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783844330830\"\u003e\u003ch3\u003eEvidence from 1926 to 2009\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783844330830","offer_id":39495979630685,"sku":"9783844330830","price":49.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/da22f710-e733-49a6-bf77-f44e581c86db.jpg?v=1757911314","url":"https:\/\/shop.autorenwelt.de\/products\/the-persistence-of-seasonality-von-vincent-smits","provider":"Autorenwelt Shop","version":"1.0","type":"link"}