# Random Walk Theory

## ARTICLES

1. ### TZA: Direxion Small Cap Bear 3X ETF

Find out more about the Direxion Daily Small Cap Bear 3X ETF, the characteristics ...
2. ### Introduction To Stationary And Non-Stationary ...

What to know about stationary and non-stationary processes before you try to model ...

## STOCK ANALYSIS

1. ### TZA: Direxion Small Cap Bear 3X ETF

Find out more about the Direxion Daily Small Cap Bear 3X ETF, the characteristics ...

## FAQS

1. ### What are the primary assumptions of Efficient Market Hypothesis?

Find out about the key assumptions behind the efficient market hypothesis (EMH), its implications for investing and whether ...
2. ### What are the most common issues with Serial Correlation in stocks?

Read about the concept of serial correlation in stock returns, and learn why market analysts are divided about the efficacy ...
3. ### What is the "random walk theory" and what does it mean for investors?

The random walk theory is the occurrence of an event determined by a series of random movements - in other words, events ...
Hot Definitions
1. ### Over-The-Counter - OTC

Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
2. ### Quarter - Q1, Q2, Q3, Q4

A three-month period on a financial calendar that acts as a basis for the reporting of earnings and the paying of dividends.
3. ### Weighted Average Cost Of Capital - WACC

Weighted average cost of capital (WACC) is a calculation of a firm's cost of capital in which each category of capital is ...
4. ### Basis Point (BPS)

A unit that is equal to 1/100th of 1%, and is used to denote the change in a financial instrument. The basis point is commonly ...
5. ### Sharing Economy

An economic model in which individuals are able to borrow or rent assets owned by someone else.
6. ### Unlevered Beta

A type of metric that compares the risk of an unlevered company to the risk of the market. The unlevered beta is the beta ...