Price and volume fluctuations that can confuse interpretation of market direction. Used in the context of general equities. Stock market activity caused by program trades , dividend rolls , and other phenomena not reflective of general sentiment. Antithesis of real .
NOISE
Meaning of NOISE in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012