An empirical test of the theory of random walks in stock market prices : the moving average strategy
This study investigates the independence assumption of the theory of random walks in stock market prices through the simulation of the moving average strategy. In the process of doing so, three related questions are examined: (1) Does the past relative volatility of a stock furnish a useful indicati...
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| Language: | English |
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University of British Columbia
2011
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| Online Access: | http://hdl.handle.net/2429/33989 |