Analyzing the Association between Pattern and Returns Using Goodman–Kruskal Prediction Error Reduction Index (λ)

Table 10

Average prediction error reduction index of stocks for the period 2010–2020.

Stocks	Returns from pattern			Pattern from returns
	HDFC	0.5674	0.4851	0.1450	0.6153	0.5324	0.1347
SBI	0.4365	0.3942	0.0969	0.4158	0.3654	0.1212
REL	0.6124	0.4215	0.3117	0.5621	0.5347	0.0487
ICICI	0.3265	0.2965	0.0919	0.3214	0.2729	0.1509
TCS	0.4851	0.3874	0.2014	0.5128	0.2741	0.4655
INFY	0.6314	0.3214	0.4910	0.4127	0.3941	0.0451
LUPIN	0.7131	0.5236	0.2657	0.5321	0.4752	0.1069
ITC	0.6254	0.4785	0.2349	0.6951	0.6354	0.0859
CIPLA	0.4125	0.2951	0.2846	0.4237	0.3684	0.1305
NTPC	0.3264	0.1452	0.5551	0.5312	0.4012	0.2447
UPL	0.5136	0.2345	0.5434	0.4356	0.3745	0.1403