G-7 Stock Prices Show No Signs of Predictability, Study Finds.
Stock prices in G-7 countries were studied to see if they follow a random pattern or if they tend to revert to a certain level over time. The researchers used a special method to test this idea with data from multiple countries. The results show that stock prices in these countries behave like a random walk, meaning they don't consistently move in one direction or another. This suggests that predicting stock prices based on past movements may be difficult.