Beyond the Random Walk
Title | Beyond the Random Walk PDF eBook |
Author | Vijay Singal |
Publisher | Financial Management Association Survey and Synthesis Series |
Total Pages | 388 |
Release | 2006 |
Genre | Business & Economics |
ISBN | 9780195304220 |
In an efficient market, all stocks should be valued at a price that is consistent with available information. But as financial expert Singal points out, there are circumstances under which certain stocks sell at a price higher or lower than the right price. Here he discusses ten such anomalous prices and shows how investors might--or might not--be able to exploit these situations for profit.
A Random Walk in Physics
Title | A Random Walk in Physics PDF eBook |
Author | Massimo Cencini |
Publisher | Springer Nature |
Total Pages | 220 |
Release | 2021-06-15 |
Genre | Science |
ISBN | 3030725316 |
This book offers an informal, easy-to-understand account of topics in modern physics and mathematics. The focus is, in particular, on statistical mechanics, soft matter, probability, chaos, complexity, and models, as well as their interplay. The book features 28 key entries and it is carefully structured so as to allow readers to pursue different paths that reflect their interests and priorities, thereby avoiding an excessively systematic presentation that might stifle interest. While the majority of the entries concern specific topics and arguments, some relate to important protagonists of science, highlighting and explaining their contributions. Advanced mathematics is avoided, and formulas are introduced in only a few cases. The book is a user-friendly tool that nevertheless avoids scientific compromise. It is of interest to all who seek a better grasp of the world that surrounds us and of the ideas that have changed our perceptions.
A Non-Random Walk Down Wall Street
Title | A Non-Random Walk Down Wall Street PDF eBook |
Author | Andrew W. Lo |
Publisher | Princeton University Press |
Total Pages | 449 |
Release | 2011-11-14 |
Genre | Business & Economics |
ISBN | 1400829097 |
For over half a century, financial experts have regarded the movements of markets as a random walk--unpredictable meanderings akin to a drunkard's unsteady gait--and this hypothesis has become a cornerstone of modern financial economics and many investment strategies. Here Andrew W. Lo and A. Craig MacKinlay put the Random Walk Hypothesis to the test. In this volume, which elegantly integrates their most important articles, Lo and MacKinlay find that markets are not completely random after all, and that predictable components do exist in recent stock and bond returns. Their book provides a state-of-the-art account of the techniques for detecting predictabilities and evaluating their statistical and economic significance, and offers a tantalizing glimpse into the financial technologies of the future. The articles track the exciting course of Lo and MacKinlay's research on the predictability of stock prices from their early work on rejecting random walks in short-horizon returns to their analysis of long-term memory in stock market prices. A particular highlight is their now-famous inquiry into the pitfalls of "data-snooping biases" that have arisen from the widespread use of the same historical databases for discovering anomalies and developing seemingly profitable investment strategies. This book invites scholars to reconsider the Random Walk Hypothesis, and, by carefully documenting the presence of predictable components in the stock market, also directs investment professionals toward superior long-term investment returns through disciplined active investment management.
Stock Market Anomalies
Title | Stock Market Anomalies PDF eBook |
Author | Elroy Dimson |
Publisher | CUP Archive |
Total Pages | 328 |
Release | 1988-03-17 |
Genre | Business & Economics |
ISBN | 9780521341042 |
Psychology and the stock market
Title | Psychology and the stock market PDF eBook |
Author | David N. Dreman |
Publisher | Warner Books (NY) |
Total Pages | 306 |
Release | 1979 |
Genre | Investment analysis |
ISBN | 9780446970716 |
The Random Walks of George Polya
Title | The Random Walks of George Polya PDF eBook |
Author | Gerald L. Alexanderson |
Publisher | Cambridge University Press |
Total Pages | 324 |
Release | 2000-04-27 |
Genre | Biography & Autobiography |
ISBN | 9780883855287 |
Both a biography of Plya's life, and a review of his many mathematical achievements by today's experts.
A Random Walk to Nowhere
Title | A Random Walk to Nowhere PDF eBook |
Author | Edward E. Williams |
Publisher | World Scientific |
Total Pages | 197 |
Release | 2020 |
Genre | Efficient market theory |
ISBN | 9811207798 |
Preface -- Fraud, lies, and statistics -- The early history of modern financial economics -- The birth of the efficient market hypothesis -- Earlier views of market efficiency -- The impact of information and regulation on market efficiency -- Tests of the EMH -- Anomalies -- The capital asset pricing model -- Beyond the CAPM -- Conclusions -- References.