(no title)
aet
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10 years ago
I'm not exactly sure what your asking, but basically randomness in returns decreases as you increase the sampling rate (i.e. annual returns are more normal than say minutely returns). This is due basically to the fact that the more activity happens between measurements. (I could be misunderstanding your question.) High frequency measurements of prices often exhibit regularities that result from the trading mechanism e.g. bid-ask bounce.
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