Tag Archives: capital markets


DITMo: Red Heifer versus Black Swan

by Peter J. de Marigny Introducing “The Red Heifer” in Capital Markets A “Red Heifer” is a rare event condition, however, it is an event that differs from a “Black Swan” in that it is not a return observation within a sample of chained return measurements.  A “Red Heifer” event is one that creates its own discrete data series.  A […]