Noise

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Noise

Price and volume fluctuations that can confuse interpretation of market direction. Used in the context of general equities. Stock market activity caused by program trades, dividend rolls, and other phenomena not reflective of general sentiment. Antithesis of real.

Noise

A slight uptick or downtick in a security's or market's price and/or volume representing little or no actual change in its fundamentals. Noise occurs in the short-term; if noise continues in a certain direction, it becomes a trend, and, therefore, an indication of the general direction of the security or market. Noise, on the other hand, means little or nothing.

noise

Random market fluctuations that make it difficult to forecast the market's direction.
References in classic literature ?
At daybreak D'Artagnan, who had wandered about the lower hall, biting his fingers to stifle his sighs - D'Artagnan went up once more; and watching the moments when Grimaud turned his head towards him, he made him a sign to come to him, which the faithful servant obeyed without making more noise than a shadow.
Sure enough the roly-poly noise was still going on quite distinctly under the attic floor
I never thought much about fear and that sort of thing--never tried to determine whether I was a coward or brave man; but the other night as we lay in the jungle there after poor D'Arnot was taken, and those jungle noises rose and fell around us I began to think that I was a coward indeed.
Sikes, invoking terrific imprecations upon Fagin's head for sending Oliver on such an errand, plied the crowbar vigorously, but with little noise.
Now a score of prisoners ran to and fro, who had lost themselves in the intricacies of the prison, and were so bewildered with the noise and glare that they knew not where to turn or what to do, and still cried out for help, as loudly as before.
Such a strange noise, Jeremiah, and such a curious movement.
Usually they run fast enough when they hear the noise, which makes them afraid.
and every time I chanced to rake against any article, it seemed to give out thirty-five or thirty-six times more noise than it would have done in the daytime.
Meanwhile, the miner underneath was heard working away incessantly, when suddenly an unexpected noise resounded in the passage.
But, this accomplished, which he fancied was all he had to do to get out of this terrible strait and embarrassment, another still greater difficulty presented itself, for it seemed to him impossible to relieve himself without making some noise, and he ground his teeth and squeezed his shoulders together, holding his breath as much as he could; but in spite of his precautions he was unlucky enough after all to make a little noise, very different from that which was causing him so much fear.
It seemed to him that heaven had at length taken pity on him, and had sent this noise to warn him on the very brink of the abyss.
Where solitude endeth, there beginneth the market-place; and where the market-place beginneth, there beginneth also the noise of the great actors, and the buzzing of the poison-flies.