Beyond the Random Walk

Handshake 2.0 recently learned that Vijay Singal writes an investment strategy blog, Beyond the Random Walk:  A not so random walk through the world of finance.

In this post, Singal lists a portfolio designed to use the Industry Momentum Trading Strategy which "takes advantage of the fact that well performing industry sectors tend to continue to perform better than the market in the near term."   He added, "The entry date for this portfolio is July 21, 2008; and the exit date is August 25, 2008."

An interesting comment exchange on his post follows:

Anne Clelland Says:
August 25, 2008 at 2:59 pm

Today’s the exit date! I’d be eager to hear what happens!

If it interests you to appeal to a general audience, would you be open to answering a few questions, answers to which might interest the readers of Handshake 2.0?

If so:

Is Beyond the Random Walk: A Guide to Stock Market Anomalies and Low-Risk Investing for experts or can the general population benefit from some of your findings? If so, what would be the layman’s “takeaways” from your book?

What is a layman’s description of what you are trying to do in your blog?


Vijay Singal Says:
September 1, 2008 at 8:36 pm


I compute the returns about once a month because the calculations are quite time consuming. I hope to report the returns in the very near future.

My book, Beyond the Random Walk, is designed for the ordinary investor, but not for someone who has never traded before. Experts can also learn from reading the book. The book has several strategies where you can do better than the market because the price movements are predictable. For example, a positive earnings announcement is usually followed by positive returns over the next several days. More details are in the book.

My blog targets the same kind of person and shows the actual implementation of one strategy in my book.



Handshake 2.0 is very happy to know Vijay Singal and looks forward to those calculations!


Vijay Singal, author of Beyond the Random Walk, is the Head of the Department of Finance and J. Gray Ferguson Professor of Finance, Pamplin College of Business, Virginia Tech.  He is married to Manisha Singal, Internet business pioneer and Assistant Professor of Hospitality and Tourism Management, Pamplin College of Business, Virginia Tech.

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  1. Glad to read your article, I have been trying to get this kind of information. Online or internet business is booming all over the world.

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