4 ms·
It's easy to predict tomorrow's closing price with that accuracy: it will be the same as today's closing price. For a large majority of S&P 500 stocks this pre
by kgwgk 8y ago
It's easy to predict tomorrow's closing price with that accuracy: it will be the same as today's closing price.
For a large majority of S&P 500 stocks this prediction will be within 2% of the actual price very often (more than 80% of the days). In aggregate, the hit rate is over 80% as well.
- ta1234567890 8y agoGreat, so how do you use that for a trading strategy?
- hartator 8y agoYou can't. What parent tries to explain is your predictions is no different than regular fluctuations, so you can't use it to get an edge.
- toomuchtodo 8y agoWeekly out of the money options trades with short expires. It’s more gambling than anything else fwiw.