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Run test is a method to test the Weak Form Efficiency of Capital Market.This paper compares two methodologies introducing separately by Fama(1965) and Mood (1940).Then we test the efficiency of Chinese Stock Market.It should be pointed out that part of the Stock Market in China has been a Weak Form Efficient Market from the year 1993 on.
Run test is a method to test the Weak Form Efficiency of Capital Market. This paper compares two methodologies separately by Fama (1965) and Mood (1940). Then we test the efficiency of Chinese Stock Market. Should be pointed out that part of the Stock Market in China has been a Weak Form Efficient Market from the year 1993 on.