CERGE-EI student succeeded in the The M6 Financial Forecasting Competition

26 April, 2023

Our PhD in Economics candidate Filip Staněk has recently won the first prize in the M6 Financial Forecasting Competition that focuses on forecasts of stock price (returns) and risk.

The M6 competition analyzes the possibility of predicting stock market returns and achieving abnormal investment returns as a result. This is a highly contested issue as many practitioners claim to be capable of predicting returns and consistently attaining abnormal investment returns. On the other hand, the prevailing view among academics is that financial markets are efficient and it is therefore impossible to consistently predict the performance of individual assets and attain abnormal investment returns, at least not without access to insider information that has not yet been incorporated into the prices.

Read the interview here