Noise trader
From Wikipedia, the free encyclopedia
A noise trader is described in the literature of financial research as a stock trader whose decisions to buy, sell, or hold are not based upon fundamental analysis.[1]
In finance, noise obtained a formal definition in a 1986 paper by Fischer Black "Noise in the sense of a large number of small events is often a cause factor much more powerful than a small number of large events can be."[2]
[edit] See also
[edit] Notes
- ^ "Noise Trader". investopedia.com. http://www.investopedia.com/terms/n/noisetrader.asp.
- ^ Black, Fischer (1985-12-20). "Noise" (pdf). Journal of Finance 41 (3): 529-543. http://www.jstor.org/stable/2328481. Retrieved on 2009-05-19.
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