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In quantitative finance a stock price is modeled by two elements, a “drift” (the long term expected returns) plus a random walk (the randomness). The drift not
by drexlspivey 3y ago
In quantitative finance a stock price is modeled by two elements, a “drift” (the long term expected returns) plus a random walk (the randomness). The drift not being zero does not mean that the process is not random.