The Random Walk Hypothesis and Technical Analysis

1970 ◽  
Vol 26 (2) ◽  
pp. 104-110 ◽  
Author(s):  
George E. Pinches
Keyword(s):  
Random Walk ◽  
Technical Analysis ◽  
Random Walk Hypothesis

scholarly journals Behaviour of Stock Returns in the KLSE: A Test of the Random Walk Hypothesis

2020 ◽  
Author(s):  
Ahmadu Umaru Sanda ◽  
Abdul Ghani Shafie ◽  
G.S Gupta
Keyword(s):  
Random Walk ◽  
Stock Market ◽  
Stock Returns ◽  
Stock Exchange ◽  
Technical Analysis ◽  
Kuala Lumpur ◽  
Random Walk Hypothesis ◽  
Serial Correlations ◽  
Random Walk Theory

A sample of 224 companies listed in the Kuala Lumpur Stock Exchange was taken for the period 1991-96. The serial correlations tests of varying lags and the runs tests were employed to test for the random walk theory. The bulk of the results tilts towards the rejection of non-randomness, lending weight to the argument that the stock market has no memory, and casting doubt upon the usefulness of technical analysis.  

scholarly journals Test of Random Walk Hypothesis in the Nigerian Stock Market

2015 ◽  
Vol 7 (2) ◽  
pp. 27-36 ◽  
Author(s):  
Joel Obayagbona ◽  
Sunday Osaretin Igbinosa
Keyword(s):  
Random Walk ◽  
Stock Market ◽  
Random Walk Hypothesis

scholarly journals A Wilcoxon signed-rank test for random walk hypothesis based on slopes

2014 ◽  
Vol 25 (6) ◽  
pp. 1499-1506 ◽  
Author(s):  
Tae Yoon Kim ◽  
Cheolyong Park ◽  
Seul Gee Kim ◽  
Min Seok Kim ◽  
Woo Jung Lee ◽  
...  
Keyword(s):  
Random Walk ◽  
Rank Test ◽  
Random Walk Hypothesis ◽  
Signed Rank ◽  
Wilcoxon Signed Rank Test ◽  
Signed Rank Test
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