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Contrast of the fractal market hypothesis in the latin american stock markets

Abstract:

The purpose of this research is to contrast the hypothesis of efficient markets with the hypothesis of fractal markets in Latin American stock markets. As an analysis unit, the most representative indices of the region were used, a quantitative methodology was applied based on the estimation of the Hurst Exponent. It was concluded that Latin American markets have a mostly fractal behavior. This investigation allowed know the main periods in which the Latin American markets had an efficient behavior.