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Nonrandom Characteristics Of Common Stock Prices, Donald Leroy Gaitros
Nonrandom Characteristics Of Common Stock Prices, Donald Leroy Gaitros
Doctoral Dissertations
"This study presents an application of operations research techniques to the development of stock price generation and simulation models to aid in the understanding of price movement. Relationships between stock price and volume and stock price and market averages which follow descernible trends and patterns are discovered. Technical trading rules are developed based on these relationships which empirically have shed doubt on the random walk hypothesis of price movement. This in turn gives evidences that technical analysis can be an aid to price forecasting"--Abstract, page ii.