Market-Adjusted Return

The return calculated by adjusting an IPO's raw return for the corresponding market benchmark return over the same period.

Source: Study on IPO Underpricing and Long-Run Aftermarket Performance in Hong Kong (Academic research) · p.4

Reports that mention Market-Adjusted Return

Market Efficiency in a Changing Asset Population: Mobility, Entry, and Survival over Cryptocurrency's Full HistoryAcademic research
Market Efficiency and Predictable Supply Shocks: Short-Selling Returns Around IPO LockupsAcademic research

Have a question about Market-Adjusted Return? Ask the AI, answers cite the source.