{"id":"https://openalex.org/W3124655581","doi":"https://doi.org/10.2139/ssrn.420243","title":"Efficiency Differences between the S&P 500 and the Tel-Aviv 25 Indices: A Moving Average Comparison","display_name":"Efficiency Differences between the S&P 500 and the Tel-Aviv 25 Indices: A Moving Average Comparison","publication_year":2003,"publication_date":"2003-01-01","ids":{"openalex":"https://openalex.org/W3124655581","doi":"https://doi.org/10.2139/ssrn.420243","mag":"3124655581"},"language":"en","primary_location":{"id":"doi:10.2139/ssrn.420243","doi":"https://doi.org/10.2139/ssrn.420243","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.420243","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"volume":null,"type":"preprint","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.420243","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5113930340","display_name":"Uri Ben\u2010Zion","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I1321305853","display_name":"National Bureau of Economic Research","ror":"https://ror.org/04grmx538","country_code":"US","type":"nonprofit","lineage":["https://openalex.org/I1321305853"]},{"id":"https://openalex.org/I174306211","display_name":"Technion \u2013 Israel Institute of Technology","ror":"https://ror.org/03qryx823","country_code":"IL","type":"education","lineage":["https://openalex.org/I174306211"]}],"countries":["IL","US"],"is_corresponding":false,"raw_author_name":"Uri Ben-Zion","raw_affiliation_strings":["National Bureau of Economic Research (NBER), 1050 Massachusetts Avenue, Cambridge, MA 02138, United States","Technion-Israel Institute of Technology - The William Davidson Faculty of Industrial Engineering & Management, Haifa 32000, Israel"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"National Bureau of Economic Research (NBER), 1050 Massachusetts Avenue, Cambridge, MA 02138, United States","institution_ids":["https://openalex.org/I1321305853"]},{"raw_affiliation_string":"Technion-Israel Institute of Technology - The William Davidson Faculty of Industrial Engineering & Management, Haifa 32000, Israel","institution_ids":["https://openalex.org/I174306211"]}]},{"author_position":"middle","author":{"id":null,"display_name":"Paul Klein","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I124227911","display_name":"Ben-Gurion University of the Negev","ror":"https://ror.org/05tkyf982","country_code":"IL","type":"education","lineage":["https://openalex.org/I124227911"]}],"countries":["IL"],"is_corresponding":false,"raw_author_name":"Paul Klein","raw_affiliation_strings":["Ben-Gurion University of the Negev, 1 Ben-Gurion Blvd, Beer-Sheba 84105, 84105, Israel"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Ben-Gurion University of the Negev, 1 Ben-Gurion Blvd, Beer-Sheba 84105, 84105, Israel","institution_ids":["https://openalex.org/I124227911"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5012356819","display_name":"Yochanan Shachmurove","orcid":"https://orcid.org/0000-0002-0236-6474","observed_orcids":["https://orcid.org/0000-0002-0236-6474"]},"institutions":[{"id":"https://openalex.org/I125687163","display_name":"City College of New York","ror":"https://ror.org/00wmhkr98","country_code":"US","type":"education","lineage":["https://openalex.org/I125687163"]},{"id":"https://openalex.org/I174216632","display_name":"City University of New York","ror":"https://ror.org/00453a208","country_code":"US","type":"education","lineage":["https://openalex.org/I174216632"]},{"id":"https://openalex.org/I79576946","display_name":"University of Pennsylvania","ror":"https://ror.org/00b30xv10","country_code":"US","type":"education","lineage":["https://openalex.org/I79576946"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Yochanan Shachmurove","raw_affiliation_strings":["City University of New York, CUNY City College of New York - Department of Economics, 160 Convent Avenue, New York, NY 10031, United States","The University of Pennsylvania - Department of Economics, Ronald O. Perelman Center for Political Science, 133 South 36th Street, Philadelphia, PA 19104-6297, United States"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"City University of New York, CUNY City College of New York - Department of Economics, 160 Convent Avenue, New York, NY 10031, United States","institution_ids":["https://openalex.org/I125687163","https://openalex.org/I174216632"]},{"raw_affiliation_string":"The University of Pennsylvania - Department of Economics, Ronald O. Perelman Center for Political Science, 133 South 36th Street, Philadelphia, PA 19104-6297, United States","institution_ids":["https://openalex.org/I79576946"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5030279450","display_name":"Joseph Yagil","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Yosef Yagil","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":6,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":16,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":"8","issue":"3","first_page":"267","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":0.00019999999494757503,"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/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.0,"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"}}],"keywords":[{"id":"https://openalex.org/keywords/market-efficiency","display_name":"market efficiency","score":0.8920000195503235},{"id":"https://openalex.org/keywords/weak-form-market-efficiency","display_name":"weak-form market efficiency","score":0.859000027179718},{"id":"https://openalex.org/keywords/moving-average-strategy","display_name":"moving average strategy","score":0.5490000247955322},{"id":"https://openalex.org/keywords/buy-and-hold-strategy","display_name":"buy-and-hold strategy","score":0.7720000147819519},{"id":"https://openalex.org/keywords/s-p-500","display_name":"S&P 500","score":0.9129999876022339},{"id":"https://openalex.org/keywords/technical-analysis","display_name":"technical analysis","score":0.8479999899864197},{"id":"https://openalex.org/keywords/emerging-capital-markets","display_name":"emerging capital markets","score":0.6759999990463257},{"id":"https://openalex.org/keywords/stock-market-comparison","display_name":"stock market comparison","score":0.4309999942779541}],"concepts":[{"id":"https://openalex.org/C3020510925","wikidata":"https://www.wikidata.org/wiki/Q33935","display_name":"Tel aviv","level":2,"score":0.8608633875846863},{"id":"https://openalex.org/C29368100","wikidata":"https://www.wikidata.org/wiki/Q724931","display_name":"Efficient-market hypothesis","level":4,"score":0.630416989326477},{"id":"https://openalex.org/C2777382242","wikidata":"https://www.wikidata.org/wiki/Q6017816","display_name":"Index (typography)","level":2,"score":0.6050921082496643},{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.6037682294845581},{"id":"https://openalex.org/C46461501","wikidata":"https://www.wikidata.org/wiki/Q1935853","display_name":"Random walk hypothesis","level":4,"score":0.5996779203414917},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.5753147006034851},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5723028779029846},{"id":"https://openalex.org/C121194460","wikidata":"https://www.wikidata.org/wiki/Q856741","display_name":"Random walk","level":2,"score":0.5543835163116455},{"id":"https://openalex.org/C117245426","wikidata":"https://www.wikidata.org/wiki/Q235038","display_name":"Technical analysis","level":2,"score":0.5439754128456116},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.519726037979126},{"id":"https://openalex.org/C19244329","wikidata":"https://www.wikidata.org/wiki/Q208697","display_name":"Financial market","level":2,"score":0.5160550475120544},{"id":"https://openalex.org/C131562839","wikidata":"https://www.wikidata.org/wiki/Q1574928","display_name":"Trading strategy","level":2,"score":0.5049813389778137},{"id":"https://openalex.org/C106306483","wikidata":"https://www.wikidata.org/wiki/Q183984","display_name":"Futures contract","level":2,"score":0.5041288137435913},{"id":"https://openalex.org/C88389905","wikidata":"https://www.wikidata.org/wiki/Q223371","display_name":"Stock market index","level":4,"score":0.49286341667175293},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.463307648897171},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.41275596618652344},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.4109790623188019},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2035028040409088},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.1814827024936676},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.16273611783981323},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.139337956905365},{"id":"https://openalex.org/C2780762169","wikidata":"https://www.wikidata.org/wiki/Q5905368","display_name":"Horse","level":2,"score":0.0},{"id":"https://openalex.org/C136764020","wikidata":"https://www.wikidata.org/wiki/Q466","display_name":"World Wide Web","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C161191863","wikidata":"https://www.wikidata.org/wiki/Q199655","display_name":"Library science","level":1,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.2139/ssrn.420243","doi":"https://doi.org/10.2139/ssrn.420243","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.420243","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},{"id":"mag:3124655581","doi":null,"is_oa":false,"landing_page_url":"http://www.craig.csufresno.edu/IJB/Volumes/Volume%208/V83-3.pdf","pdf_url":null,"source":{"id":"https://openalex.org/S2764555313","display_name":"International Journal of Business","issn_l":"1083-4346","issn":["1083-4346"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","anvur-scientific","cwts-core","norway-1","poland-20","russia-white-list-2"],"host_organization":"https://openalex.org/P4327986828","host_organization_name":"Premier Publishing","host_organization_lineage":["https://openalex.org/P4327986828"],"host_organization_lineage_names":["Premier Publishing"],"type":"journal"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"International Journal of Business","raw_type":null}],"best_oa_location":{"id":"doi:10.2139/ssrn.420243","doi":"https://doi.org/10.2139/ssrn.420243","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.420243","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":52,"referenced_works":["https://openalex.org/W204630765","https://openalex.org/W1572930125","https://openalex.org/W1607865248","https://openalex.org/W1966179084","https://openalex.org/W1968740499","https://openalex.org/W1974888258","https://openalex.org/W1977673367","https://openalex.org/W1983810143","https://openalex.org/W1992351466","https://openalex.org/W2003125878","https://openalex.org/W2012126808","https://openalex.org/W2017059355","https://openalex.org/W2029005779","https://openalex.org/W2036628376","https://openalex.org/W2046037595","https://openalex.org/W2055941213","https://openalex.org/W2056779374","https://openalex.org/W2060975088","https://openalex.org/W2061129783","https://openalex.org/W2062432602","https://openalex.org/W2066431932","https://openalex.org/W2078174474","https://openalex.org/W2081737938","https://openalex.org/W2093281931","https://openalex.org/W2098345198","https://openalex.org/W2101544483","https://openalex.org/W2104955455","https://openalex.org/W2105729857","https://openalex.org/W2108166901","https://openalex.org/W2110942893","https://openalex.org/W2115434452","https://openalex.org/W2125520394","https://openalex.org/W2131773668","https://openalex.org/W2144487825","https://openalex.org/W2149214223","https://openalex.org/W2155526589","https://openalex.org/W2166414208","https://openalex.org/W2740135240","https://openalex.org/W2890413200","https://openalex.org/W3022375498","https://openalex.org/W3122004272","https://openalex.org/W3122397820","https://openalex.org/W3123598380","https://openalex.org/W3123912718","https://openalex.org/W3124032694","https://openalex.org/W3124333692","https://openalex.org/W3124833605","https://openalex.org/W4205848892","https://openalex.org/W4246390368","https://openalex.org/W4246689618","https://openalex.org/W4301893865","https://openalex.org/W7061330966"],"related_works":["https://openalex.org/W7097557001","https://openalex.org/W2175704821","https://openalex.org/W2027998137","https://openalex.org/W2291037017","https://openalex.org/W2165535775","https://openalex.org/W7216925935","https://openalex.org/W1551183302","https://openalex.org/W6990755393","https://openalex.org/W4389624798","https://openalex.org/W4301443192"],"abstract_inverted_index":null,"counts_by_year":[{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":1},{"year":2015,"cited_by_count":2},{"year":2014,"cited_by_count":1},{"year":2013,"cited_by_count":1}],"updated_date":"2026-11-09T13:22:03.289127","created_date":"2021-02-01T00:00:00"}