Oct 19, 2020 00:54
3 yrs ago
9 viewers *
English term
random walk theory
GBK
English to Romanian
Bus/Financial
Economics
Definition from
The Economist:
Also random walk hypothesis. Impossible to predict the next step. efficient market theory says that the prices of many financial assets, such as shares, follow a random walk. In other words, there is no way of knowing whether the next change in the price will be up or down, or by how much it will rise or fall. The reason is that in an efficient market, all the information that would allow an investor to predict the next price move is already reflected in the current price. This belief has led some economists to argue that investors cannot consistently outperform the market. But some economists argue that asset prices are predictable (they follow a non-random walk) and that markets are not efficient.
Example sentences:
The most well-known practical example of random walk theory occurred in 1988 when the Wall Street Journal sought to test Malkiel's theory by creating the annual Wall Street Journal Dartboard Contest, pitting professional investors against darts for stock-picking supremacy. (Investopedia)
The random walk hypothesis has merit in dissuading investors from trying to make guesses about short-term stock movements. However, many long-term investors still manage to invest well by putting time on their side. (The Motley Fool)
Malkiel and the random walk theory provide considerable support to the intimidated individual investor, but Malkiel in particular encourages investors to understand the theories and investment methods that the random walk theory challenges. (Investing Answers)
Proposed translations
(Romanian)
| 4 +2 | teoria mersului aleatoriu |
Radu DANAILA
|
Change log
Oct 2, 2020 23:49: changed "Kudoz queue" from "In queue" to "Public"
Oct 19, 2020 00:54: changed "Stage" from "Preparation" to "Submission"
Oct 22, 2020 01:55: changed "Stage" from "Submission" to "Completion"
Proposed translations
+2
6 hrs
Radu DANAILA
Romania
Romania
Romania
Not just words!
Native in: Romanian (Variant: Romania) 
Works in: French to Romanian, English to Romanian, French to English, and 3 more.
Related KudoZ points
:
44
Selected
teoria mersului aleatoriu
Definition from
https://pdfslide.net:
Teoria mersului aleator ("random walk hypothesis")<br />Această teorie care prezintă evoluția prețului acțiunilor ca neputând să fie prevăzută face ca analiza fundamentală, precum și aplicarea modelului valorii actualizate a veniturilor viitoare să fie fără temei.<br /><br />Econometria<br />Caracteristicile seriilor de date financiare<br />G. Săvoiu
Example sentences:
"Cât de eficiente sunt și nu sunt legate piețele de teoria mersului aleatoriu, poate fi descris prin teorema fundamentală a prețului activelor" (Wikipedia)
"Teoria mersului aleator a fost fundamentată de concluziile identice la care au ajuns cercetătorii (teoreticieni și practicieni)" (https://www.scribd.com)
"Mersul aleatoriu este o teorie a pietei de capital, care sustine faptul ca miscarea din trecut, directia pretului unei actiuni sau a intregii piete nu pot fi folosite ca sa previzioneze ce se va intampla in viitor cu piata de capital sau cu pretul actiunilor." (https://www.money.ro)
4 KudoZ points awarded for this answer.
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