If the probability of a 10% decline in stock prices occurring on any particular day is 1

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If the probability of a 10% decline in stock prices occurring on any particular day is 1 in 1,000 and stock returns are random, explain why the probability of having a 10% decline in stock prices on two consecutive days is only 1 in 1,000,000.

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Technical Analysis The Complete Resource For Financial Market Technicians

ISBN: 978-0134137049

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Authors: Charles Kirkpatrick, Julie Dahlquist

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Question Posted: Jul 29, 2024 05:02 AM

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If the probability of a 10% decline in stock prices occurring on any particular day is 1

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Technical Analysis The Complete Resource For Financial Market Technicians

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