Definitions for "random walk theory"
An investment theory which claims that market prices follow a random path up...
The belief, popular in academic institutions, that 1. market action is random and unpredictable, and 2. market randomness eliminates the potential for profitable active trading.
The random walk theory holds that it is futile to try to predict changes in future share prices on its past price. Advocates of the theory base their assertion on the belief that share prices react to information that becomes known at random, and that, because of the randomness of this information, prices themselves change as randomly as the path of a wandering person's walk. This theory stands in opposition to technical analysis, whose practitioners believe you can predict future share prices behavior based on statistical patterns of prior performance.
Keywords:  reits, trusts, investment, estate, real
Real Estate Investment Trusts (REITs)