Summary of Findings

Serial correlations in most markets is small. While there may be statistical
significance associated with these correlations, it is unlikely that there is enough correlation to generate excess returns.
􀁑 The serial correlation in short period returns is also affected by price measurement issues and the market micro-structure characteristics.
􀁑 Non-trading in some of the components of the index can create a carry-over effect from the prior time period, this can result in positive serial correlation in the index returns.
􀁑 The bid-ask spread creates a bias in the opposite direction, if transactions prices are used to compute returns, since prices have a equal chance of ending up at the bid or the priask ce. The bounce that this induces in prices will result in negative serial correlations in returns.
Bid-Ask Spread = -√2 (Serial Covariance in returns)
where the serial covariance in returns measures the covariance between return changes in consecutive time periods

[FOREXGEN Accounts Funding]

ForexGen offers the easiest, simplest and fastest way of Forex funds depositing, withdrawing and transferring provided with Customer Support personnel available 24/7 In order to serve its clients any time all over the world.

ForexGen cares for its clients' funds, so that ForexGen allow funding operations with guarantee of ForexGen itself that your fund operations are executed with high level of security and privacy.