THE STEEL EUROPEAN STOCK MARKET EFFICIENCY

THE STEEL EUROPEAN STOCK MARKET EFFICIENCY

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Testing the hypothesis of informational efficiency is a permanent preoccupation of researchers because the theories and the models of modern finance are based on it.This paper presents the results obtained after testing the efficiency hypothesis, in the weak form, for the European stock market Wooden Kit of the companies that belong to the economic steel sub-sector.Following the use of both linear and non-linear tests of autocorrelation of returns we can conclude that the European stock market in the economic steel sub-sector is inefficient from an informational point of view and the investors in these stocks may obtain better results bicycles than those of the European market in general.