Simulating the Case against Stock Picking

Charles J. Higgins ()

Journal of Accounting, Business and Finance Research, 2018, vol. 4, issue 1, 37-39

Abstract: In simulating a portfolio of 100 security prices the median terminal price was regularly below that of the average mean portfolio price. In that picking a single security would likely choose the median terminal price, a case can be made against stock picking.

Keywords: Stocks; Normal distribution; Skewed distribution; Security; Standard deviation; Investment Stock market; Portfolio; Stock picking; Diversification. (search for similar items in EconPapers)
Date: 2018
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