DISTRIBUTION OF SHARE AND BOND PRICES – AN ANALYSIS WITH THE KOLMOGOROV-SMIRNOV AND JARQUE BERA TEST VIA MS EXCEL AT THE EXAMPLE OF THE GERMAN REXP AND DAX

Yields of market price assets as shares or bonds are often treated as normal distributed. But do these yields really follow the normal distribution? This article answers this question by applying the Kolmogorov-Smirnov and Jarque Bera test onto DAX and RexP yields since 1967.

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Bibliographic Details
Published inNew Economic Challenges: 2nd International PhD Students Conference. 20. 1. – 21. 1. 2010 pp. 85 - 91
Main Author Reuse, Svend
Format Book Chapter
LanguageEnglish
Published Czech Republic Masarykova univerzita nakladatelství 2010
Masaryk University Press
Subjects
Financial Markets
Methodology and research technology
Normal distribution
Kolmogorov-Smirnov
DAX
RexP
Jarque Bera
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Summary:Yields of market price assets as shares or bonds are often treated as normal distributed. But do these yields really follow the normal distribution? This article answers this question by applying the Kolmogorov-Smirnov and Jarque Bera test onto DAX and RexP yields since 1967.
ISBN:9788021086982
802108698X