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Table 3 Entries of two-state transition matrices for selected equities

From: A methodology for stochastic analysis of share prices as Markov chains with finite states

Equities P 00 P 01 P 10 P 11
  1 - θ θ β 1 - β
ALW 0.133333 0.866667 0.142857 0.857143
CAL 0.296296 0.703704 0.227848 0.772152
EBG 0.433333 0.566667 0.210526 0.789474
ETI 0.166667 0.833333 0.170455 0.829545
FML 0.380952 0.619048 0.152941 0.847059