PRICE MOVEMENTS IN THE STOCK MARKET

reportActive / Technical Report | Accession Number: AD0407934 | Open PDF

Abstract:

This paper contains an analysis of the number of stock prices which advanced and declined on The New York Stock Exchange on each trading day during a four year period. The analysis confirms the findings of a number of other authors, that price movements in a stock market are of an essentially random nature. It appears, however, that prices of individual stocks do not move independently. There is a strong tendency for prices to move in unison, either up or down.

Author(s):
Borch, Karl
Author Organization(s):
PRINCETON UNIV NJ
Descriptive Note:
Research paper
Supplementary Note:
DOI: 10.21236/AD0407934
Pagination:
0016

Security Markings

DOCUMENT & CONTEXTUAL SUMMARY

Distribution:
Approved For Public Release
Distribution Statement:
Approved For Public Release; Distribution Is Unlimited.

RECORD

Collection: TR
Identifying Numbers
Report Number(s):
RP-7
Monitor Series:
DOD
 Subject Terms
Joint Capability Areas:
JCA_5_Command and Control; JCA_5.3_Planning; JCA_1.2.5_Lessons Learned
Communities of Interest:
Materials and Manufacturing Processes
Descriptor(s):
*ECONOMETRICS, MONEY, ECONOMIC FORECASTING
Field(s)/Group(s):
Economics and Cost Analysis
Keyword(s):
PRICES, STOCK MARKET
Report Date:
1963 Apr 30