In this test, use the information in the past year, 2012 – 2014, which is a Random Walk behaviour refusing to predict Excess Return will occur from Pairs Trading strategy.
The data used in this test by the year 2012 - 2014, which is the rejection behavior Random Walk is expected that will occur from the Excess Return Strategy Pairs Trading.
The test data used in the 1990. 2012 - 2014 which is rejected Random behavior Walk ทำให้คาด that Excess. Return will occur from strategy Pairs Trading.