Investments, tenth edition

 12.2  Technical Analysis and Behavioral Finance  400

Trends and Corrections

Momentum and Moving Averages / Relative Strength / 

Breadth

Sentiment Indicators

Trin Statistic / Confidence Index / Put/Call Ratio

A Warning

End of Chapter Material  407–413

CHAPTER 13

Empirical Evidence on Security 

Returns 414

 13.1  The Index Model and the Single-Factor APT  415

The Expected Return–Beta Relationship

Setting Up the Sample Data / Estimating the SCL / 

Estimating the SML

Tests of the CAPM / The Market Index / Measurement 

Error in Beta

 13.2  Tests of the Multifactor CAPM and APT  421

Labor Income / Private (Nontraded) Business / Early 

Versions of the Multifactor CAPM and APT / A Macro 

Factor Model