Random walk in the Philippine Stock Market: Fact or fiction (an update of the observation of the behavior of the Philippines composite index from the period January 2007-December 2011)

• Main Authors: Cardeano, Celina Victoria B., Chua, Rema Nichelle U., Tan, Christine C., Velasco, Ma. Patrica P.
• Format: text
• Language: English
• Published: Animo Repository 2012
• Subjects: Investments > Philippines; Stocks > Philippines; Investment analysis; Random walks (Mathematics); Stock price indexes > Philippines; Stock exchanges > Philippines; Finance and Financial Management
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/18364
• Institution: De La Salle University

Market efficiency is the degree in which all the relevant information of the stock prices is reflected. This paper will center on the weak form of efficient market hypothesis, and will give focus at the composite index to be able to determine any discernable pattern in them. The primary purpose behi...