We explain the dispersion anomaly, the tendency of stocks with high analyst forecast dispersion to produce lower future returns, by testing the implied assumption that analysts’ bias is distributed equally when portfolios are sorted by dispersion (Johnson, 2004). We find that analysts’ bias is not symmetrically distributed across dispersion groups. High dispersion firms contain forecasts that a...

in this study, the spatial distribution of overwintered adults of sunn pest, eurygaster integriceps puton, was investigated by using dispersion parameters and indices, mathematical distribution, and regression techniques in rainfed wheat fields by sample size of 1 m2 in 2009 and 2010. the dispersion parameters including: mean-variance test and clumping parameter () showed that the overwintered ...

Angle-resolved reflection inelastic electron scattering has been used to measure the dispersion of the surface plasmon for thick films of Na and K. The measured dispersion is negative at small momentum parallel to the surface as predicted by quantum-mechanical calculations of the dynamic response of the electrons at the surface of an interacting electron gas. A simple physical picture is presen...

enhancement of antioxidant capacity of plants by natural antioxidants obtained from medicinal plants can be a simple way to produce stress tolerant plants. zataria multiflora essential oil (zo) is one of the useful antioxidants with potent antioxidant activity. zo is insoluble in water and can be degraded by light, oxygen, and high temperature. incorporation of zo into poly vinyl alcohol (pva) ...

Optical cavities containing a negative dispersion medium have been proposed as a means of improving the sensitivity of laser interferometric gravitational wave detectors through the creation of white-light signal recycling cavities. Here we demonstrate that negative dispersion can be realized using an optomechanical cavity pumped by a blue detuned doublet. We used an 85-mm cavity with an intrac...