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Market Coin
A coin flip serves as a good theoretical framework to demonstrate the principles of randomness in the direction of the returns of an index. The two sides of the MarketCoin are labelled Above and Below the Median Return of an index. The flip of the coin can be compared to the Index Portfolio data below and demonstrate the randomness and unpredictability of returns as described by the Random Walk and Efficient Market Hypotheses.
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TermsDisclosuresIndex DescriptionsForm CRS The data provided in charts referring to IFA Index Portfolios is hypothetical back-tested performance and is not actual client performance. Performance data for the IFA Index Portfolios is shown net of IFA's highest advisory fee and the underlying mutual fund expenses. IFA Indexes when shown individually do not reflect a deduction of advisory fees. None of the data reflects trading costs or taxes, which would have lowered performance by these costs. See more important disclosures at ifabt.com.
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