Beyond The Random Walk PDF Download
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Author | : Vijay Singal |
Publisher | : Financial Management Association Survey and Synthesis Series |
Total Pages | : 369 |
Release | : 2006 |
Genre | : Business & Economics |
ISBN | : 0195304225 |
Download Beyond the Random Walk Book in PDF, ePub and Kindle
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.
Author | : Massimo Cencini |
Publisher | : Springer Nature |
Total Pages | : 220 |
Release | : 2021-06-15 |
Genre | : Science |
ISBN | : 3030725316 |
Download A Random Walk in Physics Book in PDF, ePub and Kindle
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.
Author | : Vijay Singal |
Publisher | : Financial Management Association Survey and Synthesis Series |
Total Pages | : 388 |
Release | : 2006 |
Genre | : Business & Economics |
ISBN | : 9780195304220 |
Download Beyond the Random Walk Book in PDF, ePub and Kindle
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.
Author | : David N. Dreman |
Publisher | : Warner Books (NY) |
Total Pages | : 306 |
Release | : 1979 |
Genre | : Investment analysis |
ISBN | : 9780446970716 |
Download Psychology and the stock market Book in PDF, ePub and Kindle
Author | : Andrew W. Lo |
Publisher | : Princeton University Press |
Total Pages | : 449 |
Release | : 2011-11-14 |
Genre | : Business & Economics |
ISBN | : 1400829097 |
Download A Non-Random Walk Down Wall Street Book in PDF, ePub and Kindle
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.
Author | : Elroy Dimson |
Publisher | : CUP Archive |
Total Pages | : 328 |
Release | : 1988-03-17 |
Genre | : Business & Economics |
ISBN | : 9780521341042 |
Download Stock Market Anomalies Book in PDF, ePub and Kindle
Author | : Gerald L. Alexanderson |
Publisher | : Cambridge University Press |
Total Pages | : 324 |
Release | : 2000-04-27 |
Genre | : Biography & Autobiography |
ISBN | : 9780883855287 |
Download The Random Walks of George Polya Book in PDF, ePub and Kindle
Both a biography of Plya's life, and a review of his many mathematical achievements by today's experts.
Author | : Edward E. Williams |
Publisher | : World Scientific |
Total Pages | : 197 |
Release | : 2020 |
Genre | : Efficient market theory |
ISBN | : 9811207798 |
Download A Random Walk to Nowhere Book in PDF, ePub and Kindle
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.
Author | : Peter G. Doyle |
Publisher | : American Mathematical Soc. |
Total Pages | : 159 |
Release | : 1984-12-31 |
Genre | : Electric network topology |
ISBN | : 1614440220 |
Download Random Walks and Electric Networks Book in PDF, ePub and Kindle
Probability theory, like much of mathematics, is indebted to physics as a source of problems and intuition for solving these problems. Unfortunately, the level of abstraction of current mathematics often makes it difficult for anyone but an expert to appreciate this fact. Random Walks and electric networks looks at the interplay of physics and mathematics in terms of an example—the relation between elementary electric network theory and random walks —where the mathematics involved is at the college level.
Author | : Mikhail Menshikov |
Publisher | : Cambridge University Press |
Total Pages | : 385 |
Release | : 2016-12-22 |
Genre | : Mathematics |
ISBN | : 1316867366 |
Download Non-homogeneous Random Walks Book in PDF, ePub and Kindle
Stochastic systems provide powerful abstract models for a variety of important real-life applications: for example, power supply, traffic flow, data transmission. They (and the real systems they model) are often subject to phase transitions, behaving in one way when a parameter is below a certain critical value, then switching behaviour as soon as that critical value is reached. In a real system, we do not necessarily have control over all the parameter values, so it is important to know how to find critical points and to understand system behaviour near these points. This book is a modern presentation of the 'semimartingale' or 'Lyapunov function' method applied to near-critical stochastic systems, exemplified by non-homogeneous random walks. Applications treat near-critical stochastic systems and range across modern probability theory from stochastic billiards models to interacting particle systems. Spatially non-homogeneous random walks are explored in depth, as they provide prototypical near-critical systems.