A Test for Normal Distribution and the Statistical Measures of Distribution for the Malaysian Stock Prices

Abstract

This paper attempts to explore the nature of price changes for the Malaysian Stocks. A non-parametric test called the Kolmogorov-Smirnov one sample goodness-of-fit was used to determine whether or not the price changes of the Malaysian stocks conform to the normal distribution. This test proved conclusively that the price changes of the Malaysian stocks are non-normal, thus substantiating the results of tests performed on other stock markets in the developed countries. In addition, statistical measures such as mean, standard deviation, skewness and kurtosis were used to further describe the distributional nature of the price changes for these stocks.

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Citation

Yong, O. (1987). A Test for Normal Distribution and the Statistical Measures of Distribution for the Malaysian Stock Prices. Jurnal Pengurusan, 6, 81–89.

@article{yong1987test,
  title={A Test for Normal Distribution and the Statistical Measures of Distribution for the Malaysian Stock Prices},
  author={Yong, Othman},
  journal={Jurnal Pengurusan},
 

volume={6},
  number={},
  pages={81—89},
  year={1987},
  doi={},
  publisher={Penerbit UKM},
}

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6 (1987) 81 – 89

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