Random walk in the Philippine stock market: Fact or fiction?: An observation of the behavior of the index and selected securities comprising the Philippine composite index from the period October 1994-October 1996

• Main Authors: Castro, Cherryl Anne C., Kaw, Daphne S., Lo, Michael T., Purisima, Ron Tristan, Sy, Amylane W.
• Format: text
• Language: English
• Published: Animo Repository 1997
• Subjects: Investments > Philippines; Stocks > Philippines; Investment analysis; Random walks (Mathematics); Stock price indexes > Philippines; Finance and Financial Management
• Online Access: https://animorepository.dlsu.edu.ph/etd_honors/83
• Institution: De La Salle University

Being a part of the growing market, the proponents noticed the potential of the stock market that forced the researchers to work out the facts and fictions of the efficient market theory. This move later led the group into the boundaries of random walk theory. According to an analyst of the Philippi...