About this document
Understanding Random Walks in Stocks by RENJiii is a document available to read on EtoBox.
1. The document discusses the theory of random walks as it applies to stock market prices. The theory suggests that successive price changes are independent and cannot be predicted based on past price behavior. 2. Traditional chartist and fundamental analysis techniques assume past price patterns will repeat or that intrinsic value can be determined, but the random walk theory casts doubt on these methods. 3. If stock prices follow a truly random pattern, then technical analysis has no predictive power and
- Author
- RENJiii
- Language
- EN