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Whipsaw Glossary

Currently viewing the definition of: Random Walk Theory
 
 
 The theory that share prices follow a random path and historical performance has no effect on future performance and prices. If the random walk theory is believed then technical analysis or charting is not a sound proposition as trends cannot be predicted. 
 


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    • Hurdle Rate
      The rate of return that must be achieved by a project for it to be deemed a worthwhile investment.