PRICE MOVEMENTS IN THE STOCK MARKET

Abstract

This paper contains an analysis of the number of stock prices which advanced and declined on The New York Stock Exchange on each trading day during a four year period. The analysis confirms the findings of a number of other authors, that price movements in a stock market are of an essentially random nature. It appears, however, that prices of individual stocks do not move independently. There is a strong tendency for prices to move in unison, either up or down.

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Document Details

Document Type
Technical Report
Publication Date
Apr 30, 1963
Accession Number
AD0407934

Entities

People

  • Karl Borch

Organizations

  • Princeton University

Tags

Communities of Interest

  • Materials and Manufacturing Processes

DTIC Thesaurus Topics

  • Brownian Motion
  • Government Procurement
  • Governments
  • Investments
  • New York
  • Observation
  • Price Index
  • Probability
  • Random Walk
  • Security
  • Statistical Mechanics
  • Statistics

Readers

  • Industrial Economics
  • Theoretical Analysis.