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Related to the runs test,if T is reasonably large (T > 20 is suggested) ,then the statistic can be used to perform this test.
Preferred Stock
Preferred stock is a class of stock that typically provides a fixed dividend and has precedence over common stock in the distribution of assets in the event of a company's liquidation.
Common Stock
Common Stock represents ownership shares in a corporation, providing voting rights and entitling the shareholder to a share of the company's profits through dividends.
Stock Options
Financial instruments granting the holder the right to buy or sell stock at a specified price before a certain date.
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