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Evaluate the factorial expression.
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Market Efficiency
The degree to which market prices fully reflect all available information and expectations, enabling securities to be priced appropriately.
Black Monday
Refers to a specific date, October 19, 1987, when stock markets around the world crashed, recording the largest one-day percentage decline in stock market history.
Daily Returns
The profit or loss of an investment over a single trading day, expressed as a percentage of the investment's value at the start of the trading day.
Normally Distributed
A statistical term that describes a bell-shaped frequency distribution that is symmetric about the mean, used in various financial models to assume the distribution of returns or asset prices.
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