Stock Market Probability: Using Statistics to Predict and Optimize Investment Outcomes, Revised Edition
Book details
Summary
Description
This book describes how to use statistical techniques to manage risk and improve returns. By estimating the probability of various investment outcomes in advance, investors can make better-informed decisions. Joseph Murphy shows how statistical tools and techniques such as standard deviation, dispersion and distributions can be profitably applied to the stock market. Completely updated and revised it provides investors with a sound and rational method for beating the market. Specific topics include: Statistics and historic stock market returns; Calculate the odds of an advance or decline in a stock; Estimate returns on a mutual fund; Diversification through time; The five laws of finance.
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