However, such a pattern or relationship has not been identified. For investors, the random walk theory, popularized by Princeton University Economics Professor Burton Malkiel in his book “A ...

The random walk theory maintains that individual stocks do not move in any discernible pattern. Therefore, their short-term future movements cannot be predicted in advance. Since the market ...

The case for the random walk argument is that trends can appear in patterns that are actually random. Think of a coin toss. A coin can land on heads for several consecutive tosses. Yet ...

A random walk challenges the idea that traders can time the market or use technical analysis to identify and profit from patterns or trends in stock prices. It's been criticized by some traders ...