The view that on stock exchanges, prices are fundamentally unpredictable from past performance. It thus opposes the viewpoint of the so-called chartists, who try to justify statements about the future price trend of a financial product in general and of a stock in particular from the past in a variety of ways. – Whether and to what extent the random walk hypothesis is correct or not is discussed in countless theoretical and empirical papers to this day. However, contrary to some claims to the contrary, a clearly proving statement cannot be obtained from it. – See analysis, technical, charts, expectations, histogram, mapping, siderism, bar chart, technician.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/