Random Walk Hypothesis

GPTKB entity

Statements (29)
Predicate Object
gptkbp:instanceOf gptkb:financial_technology
statistical hypothesis
gptkbp:appliesTo exchange rates
commodity prices
asset prices
gptkbp:basisFor index fund investing
passive investment strategies
gptkbp:contrastsWith technical analysis
fundamental analysis
gptkbp:criticizedFor behavioral economists
technical analysts
gptkbp:describes stock market prices
https://www.w3.org/2000/01/rdf-schema#label Random Walk Hypothesis
gptkbp:implies market prices follow a random walk
stock prices cannot be predicted
gptkbp:originatedIn 20th century
gptkbp:popularizedBy gptkb:Burton_Malkiel
gptkbp:proposedBy future price changes are independent of past changes
price changes are random
gptkbp:publishedIn gptkb:A_Random_Walk_Down_Wall_Street
gptkbp:relatedTo gptkb:Efficient_Market_Hypothesis
Brownian motion
martingale process
gptkbp:studiedBy gptkb:Paul_Samuelson
Eugene Fama
gptkbp:usedIn quantitative finance
financial economics
gptkbp:bfsParent gptkb:RWH
gptkbp:bfsLayer 7