Stocks & Commodities V. 34:12 (26–29): Is Wall Street A Casino? by Norman J. Brown

Stocks & Commodities V. 34:12 (26–29): Is Wall Street A Casino? by Norman J. Brown
Item# V34C12_339BROW
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Is Wall Street A Casino? by Norman J. Brown

Do stocks have a random characteristic similar to a roulette wheel, and can we gain a winning edge by trading equities? Here, we simulate Wall Street stocks on an artificial roulette wheel to find the answer.

In my August 2016 S&C article “The Subtle Aspects Of Expectancy,” I developed a larger winning level for roulette that retained the same in-house winning expectancy of 5.62% and indicated the resulting profit/loss spread. Then this thought occurred to me: Why not use the same approach to simulate Wall Street stocks (equity type) on an artificial roulette wheel, with the required adjustments, and then study the output with Monte Carlo simulation?

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