Risk and Return; Strength Test

Document Type : Research Paper

Authors

1 Assistant Prof., faculty of Management, Shahid Beheshti University

2 M.A. Financial Management Alborz institute of higher education Qazvin

Abstract

The aim of this study was to investigate the effects of duration of service, size and value of the relationship between volatility and returns at Tehran Stock Exchange in the period from 2003 to 2014. Used the above equation test portfolio Study method. Results indicate that the relationship between volatility (standard deviation) and efficiency among firms listed on Tehran Stock Exchange is positive and significant. Also, using measures of average absolute deviation as a measure of risk to the same conclusion about the relationship between risk and return (positive) results been sent. The impact of volatility in the short term but there is a lasting effect. On the other hand, significant volatility effect over time increases. Large firms than small firms doesn stock stock average returns are smaller. Also, the difference high-volatility and low-volatility because of the risk premium value.

Keywords

References

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