Research Article
Analysis of Investment Returns as Markov Chain Random Walk
Table 3
Long-run distribution of Markov chain random walk by country.
| State | Country | Canada | India | Mexico | South Africa | Switzerland |
| −5 | 0.00604 | 0.00644 | 0.00294 | 0.00329 | 0.00482 | −4 | 0.01584 | 0.01669 | 0.00867 | 0.00952 | 0.01312 | −3 | 0.03171 | 0.03303 | 0.01984 | 0.02134 | 0.02738 | −2 | 0.05744 | 0.05907 | 0.04160 | 0.04374 | 0.05192 | −1 | 0.09912 | 0.10056 | 0.08402 | 0.08620 | 0.09411 | 0 | 0.16667 | 0.16667 | 0.16667 | 0.16667 | 0.16667 | 1 | 0.16062 | 0.16023 | 0.16373 | 0.16338 | 0.16184 | 2 | 0.15083 | 0.14998 | 0.15799 | 0.15714 | 0.15355 | 3 | 0.13495 | 0.13363 | 0.14683 | 0.14533 | 0.13928 | 4 | 0.10923 | 0.10760 | 0.12506 | 0.12293 | 0.11475 | 5 | 0.06755 | 0.06611 | 0.08265 | 0.08047 | 0.07256 |
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Source: Authors’ computation.
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