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by kgwgk 2740 days ago
It's easy to predict tomorrow's closing price with that accuracy: it will be the same as today's closing price.

For a large majority of S&P 500 stocks this prediction will be within 2% of the actual price very often (more than 80% of the days). In aggregate, the hit rate is over 80% as well.

1 comments

Great, so how do you use that for a trading strategy?
You can't. What parent tries to explain is your predictions is no different than regular fluctuations, so you can't use it to get an edge.
Weekly out of the money options trades with short expires. It’s more gambling than anything else fwiw.