{"id":"https://openalex.org/W1607953301","doi":null,"title":"Testing of consistent trends in stock performance in the Nairobi securities exchange","display_name":"Testing of consistent trends in stock performance in the Nairobi securities exchange","publication_year":2015,"publication_date":"2015-05-04","ids":{"openalex":"https://openalex.org/W1607953301","mag":"1607953301"},"language":"en","primary_location":{"id":"mag:1607953301","doi":null,"is_oa":false,"landing_page_url":"http://41.89.227.156:8080/xmlui/handle/123456789/160","pdf_url":null,"source":{"id":"https://openalex.org/S2764936104","display_name":"DBA-Africa Management Review","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"DBA-Africa Management Review","raw_type":null},"volume":null,"type":"article","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5066698156","display_name":"James Ndirangu Ndegwa","orcid":"https://orcid.org/0000-0001-5864-996X","observed_orcids":["https://orcid.org/0000-0001-5864-996X"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"James Ndegwa","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5038866633","display_name":"Josephat K. Mboya","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Josephat K. Mboya","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.6056,"has_fulltext":false,"cited_by_count":3,"citation_normalized_percentile":{"value":0.77282981,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":95},"biblio":{"volume":"5","issue":"2","first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11326","display_name":"Stock Market Forecasting Methods","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/stock-market-efficiency","display_name":"stock market efficiency","score":0.7229999899864197},{"id":"https://openalex.org/keywords/weak-form-market-efficiency","display_name":"weak-form market efficiency","score":0.8309999704360962},{"id":"https://openalex.org/keywords/abnormal-returns","display_name":"abnormal returns","score":0.8820000290870667},{"id":"https://openalex.org/keywords/stock-price-volatility","display_name":"stock price volatility","score":0.9589999914169312},{"id":"https://openalex.org/keywords/nairobi-securities-exchange","display_name":"Nairobi Securities Exchange","score":0.9150000214576721},{"id":"https://openalex.org/keywords/efficient-market-hypothesis","display_name":"efficient market hypothesis","score":0.6620000004768372},{"id":"https://openalex.org/keywords/frequency-test","display_name":"frequency test","score":0.3720000088214874}],"concepts":[{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.7406421303749084},{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.6517584323883057},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.6135854721069336},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.4837058186531067},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4221233129501343},{"id":"https://openalex.org/C101601086","wikidata":"https://www.wikidata.org/wiki/Q3753228","display_name":"Rank correlation","level":2,"score":0.42127999663352966},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.38968944549560547},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.33655035495758057},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.25880464911460876},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.11599445343017578},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.07212719321250916},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"mag:1607953301","doi":null,"is_oa":false,"landing_page_url":"http://41.89.227.156:8080/xmlui/handle/123456789/160","pdf_url":null,"source":{"id":"https://openalex.org/S2764936104","display_name":"DBA-Africa Management Review","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"DBA-Africa Management Review","raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":14,"referenced_works":["https://openalex.org/W7917176","https://openalex.org/W146338346","https://openalex.org/W1519171277","https://openalex.org/W1530849080","https://openalex.org/W2057030763","https://openalex.org/W2079346266","https://openalex.org/W2092920706","https://openalex.org/W2116988722","https://openalex.org/W2124732843","https://openalex.org/W2130162792","https://openalex.org/W2138293190","https://openalex.org/W2162752781","https://openalex.org/W2277255975","https://openalex.org/W2292508820"],"related_works":["https://openalex.org/W2119990971","https://openalex.org/W2903441355","https://openalex.org/W1925192678","https://openalex.org/W7065778186","https://openalex.org/W4220657603","https://openalex.org/W7043329328","https://openalex.org/W1698095753","https://openalex.org/W2952577207","https://openalex.org/W1583813341","https://openalex.org/W2508469240"],"abstract_inverted_index":{"Consistent":[0,250],"stock":[1,7,35,51,63,96,109,130,143,155,166,188,191,226,251,258],"performance":[2,36,52,110,167,227],"contradicts":[3],"random":[4],"adjustment":[5],"of":[6,19,33,57,80,113,125,128,142,154,164,175,187,193,224,234],"prices":[8,156,192],"in":[9,37,84,168,242],"efficient":[10],"markets":[11],"and":[12,46,111,171,190,238],"is":[13],"thus":[14],"anomalous":[15],"despite":[16],"the":[17,31,38,41,85,88,123,169,221,231,243],"potential":[18],"generating":[20],"significant":[21],"profits":[22],"for":[23,68],"investors.":[24],"This":[25,213],"research":[26,214],"set":[27],"out":[28],"to":[29,44,47,93,104,121,138,151,216,228],"test":[30,105,122,135,139,152],"existence":[32],"consistent":[34,50,95,108,129,165,225],"NSE":[39,86,114,170,207],"during":[40,87],"years":[42],"2001":[43],"2010":[45],"examine":[48],"whether":[49],"is\u00a0":[53],"associated":[54],"with":[55,157,200],"efficiency":[56,112],"NSE.":[58],"Balanced":[59],"monthly":[60],"closing":[61],"average":[62],"price":[64],"data":[65],"was":[66,136,148,182],"employed":[67,118,137,150],"32":[69],"sample":[70],"stocks":[71,82,178,196],"drawn":[72],"using":[73],"purposive":[74],"sampling":[75],"technique":[76],"from":[77],"a":[78],"population":[79],"56":[81],"listed":[83],"study":[89],"period.":[90],"In":[91,102],"order":[92,103],"identify":[94],"performance,":[97,252],"frequency":[98],"tests":[99,116],"were":[100,117,179],"employed.":[101],"association":[106],"between":[107],"3":[115],"including:":[119],"t-test":[120],"significance":[124],"abnormal":[126,173,256],"returns":[127,174,189],"performance.":[131],"Runs":[132],"serial":[133,140,185,253],"correlation":[134,141,147,186],"returns.":[144],"Spearman":[145],"rank":[146],"also":[149,183],"volatility":[153,199],"time.":[158,201],"The":[159,202],"results":[160,204],"indicated":[161],"weak":[162,210],"presence":[163],"that":[172,206],"consistently":[176,194],"performing":[177,195],"insignificant.":[180],"There":[181],"zero":[184],"exhibited":[197],"low":[198],"overall":[203],"indicate":[205],"may":[208],"be":[209],"form":[211],"efficient.":[212],"contributes":[215],"new":[217],"knowledge":[218],"by":[219],"combining":[220],"alternative":[222],"definitions":[223],"minimize":[229],"on":[230],"inherent":[232],"weaknesses":[233],"each":[235],"definition(cross":[236],"sectional":[237],"longitudinal)":[239],"which":[240],"have":[241],"past":[244],"been":[245],"studied":[246],"independently.":[247],"Key":[248],"Words:":[249],"correlation,":[254],"volatility,":[255],"returns,":[257],"market":[259],"efficiency.":[260]},"counts_by_year":[{"year":2020,"cited_by_count":2},{"year":2015,"cited_by_count":1}],"updated_date":"2026-09-27T08:07:27.782135","created_date":"2016-06-24T00:00:00"}