RANDOM WALK


Meaning of RANDOM WALK in English

Theory that stock price changes from day to day are at random; the changes are independent of each other and have the same probability distribution. Many believers of the random walk theory believe that it is impossible to outperform the market consistently without taking additional risk.

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.