Generally, is a deviation from the common rule. It is an irregularity that is difficult to explain using existing rules or theory. In securities, it is an unexplained or unexpected price or rate relationship that seems to offer an opportunity for an arbitrage-type profit, although not typically without risk. Examples include the tendency of small stocks to outperform large stocks, of stocks with low price-to-book value ratios to outperform stocks with high price-to-book value ratios, and of discount currency forward contracts to outperform premium currency forward contracts.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). anomaly. Retrieved September 23, 2026, from http://smartdefine.org/anomaly/definitions/1147681 |
| Chicago | Barry Goldsmith. 2010. "anomaly" http://smartdefine.org/anomaly/definitions/1147681 (accessed September 23, 2026). |
| Harvard | Barry Goldsmith 2010, anomaly, Smart Define, viewed 23 September, 2026, <http://smartdefine.org/anomaly/definitions/1147681>. |
| MLA | Barry Goldsmith. "anomaly" 21 October 2010. Web. 23 September 2026. <http://smartdefine.org/anomaly/definitions/1147681> |