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Money Management Glossary Definition (English)
Random Walk Theory Defined
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"Idea that it is useless to try to predict changes in stock prices. The term is based on the notion that information that people use to decide whether to buy or sell stocks, thus affecting changes in their prices, is as random as a wandering walk. This goes against financial analyst's belief in the use of predictors such as past changes in stock values to guess the future performance of a stock."
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Expert Dictionary: Random Walk Theory
Dictionary: Random Walk Theory
