Empirical Evidence on Mispricing, Trading Volume, and Expected Stock Returns Article Swipe
This study investigates the impact of stock mispricing (MISP) on expected returns in China’s A-share market, using monthly data from March 2008 to March 2025. The analysis further examines the moderating effect of trading volume, measured by turnover. Empirical results show that mispricing exhibits strong predictive power for future returns: undervalued stocks generate higher subsequent returns, while overvalued stocks yield lower returns. Moreover, trading volume plays an amplifying role—high volume accelerates price correction, making the relationship between mispricing and returns more pronounced.
Related Topics
Concepts
Stock (firearms)
Economics
Empirical evidence
Predictive power
Financial economics
Algorithmic trading
Econometrics
Monetary economics
Trading strategy
Yield (engineering)
High-frequency trading
Explanatory power
Volume-weighted average price
Stock market
Empirical research
Stock trading
Stock exchange
Market efficiency
Stock price
Business
Pairs trade
Alternative trading system
Metadata
- Type
- article
- Landing Page
- https://doi.org/10.62051/c01tzt39
- https://tebmr.org/index.php/ojs/article/download/63/57
- OA Status
- diamond
- References
- 22
- OpenAlex ID
- https://openalex.org/W7106809547
All OpenAlex metadata
Raw OpenAlex JSON
- OpenAlex ID
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https://openalex.org/W7106809547Canonical identifier for this work in OpenAlex
- DOI
-
https://doi.org/10.62051/c01tzt39Digital Object Identifier
- Title
-
Empirical Evidence on Mispricing, Trading Volume, and Expected Stock ReturnsWork title
- Type
-
articleOpenAlex work type
- Publication year
-
2025Year of publication
- Publication date
-
2025-11-27Full publication date if available
- Authors
-
Zhe ZhouList of authors in order
- Landing page
-
https://doi.org/10.62051/c01tzt39Publisher landing page
- PDF URL
-
https://tebmr.org/index.php/ojs/article/download/63/57Direct link to full text PDF
- Open access
-
YesWhether a free full text is available
- OA status
-
diamondOpen access status per OpenAlex
- OA URL
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https://tebmr.org/index.php/ojs/article/download/63/57Direct OA link when available
- Concepts
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Stock (firearms), Economics, Empirical evidence, Predictive power, Financial economics, Algorithmic trading, Econometrics, Monetary economics, Trading strategy, Yield (engineering), High-frequency trading, Explanatory power, Volume-weighted average price, Stock market, Empirical research, Stock trading, Stock exchange, Market efficiency, Stock price, Business, Pairs trade, Alternative trading systemTop concepts (fields/topics) attached by OpenAlex
- Cited by
-
0Total citation count in OpenAlex
- References (count)
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22Number of works referenced by this work
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