隨機走勢理論
random walk theory
隨機走勢理論與圖表派強調歷史走勢不斷循環的看法正好相反。此理論強調,市場買家及賣家在資料公開下同樣精明,彼此交易的價格確切反映了股票實質的價格,而股價的變動是隨機性的。既然無跡可循,股價不會有系統地變動,那麼即使以擲飛鏢方法選股,所得回報率亦有機會較整體大盤表現為佳。
Graph theory and stochastic trend faction emphasized the historical trend of the cycle of the opposite opinion. This theory stresses, market buyers and sellers in the information disclosed under the same savvy, price each transaction accurately reflect the real price of the stock, and the stock price movement is random. Now without a trace, the share price will not have to change the system, even if to throw darts stock selection method, the resulting rate of return than the overall market also have the opportunity to better performance.