This efficiency, coupled with historical trends produces movements that can be analyzed and applied to future stock market movements.

这方面的效率，加上历史潮流而产生的动作，可分析，并应用到今后的股市走势。

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The present stock option incentive plans of domestic companies are future stock incentives in essence, which weaken the incentive effect.

我国企业现行股票期权激励方案的本质是一种期股激励，使激励效果弱化。

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Technical analysis is based on the presumption that past share price meanderings, rather than underlying business value, hold the key to future stock prices.

技术分析是基于过去的股价做出的假设，而不是通过潜在的商业价值，掌握未来股票价格的关键。

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Advisor beliefs about future stock returns have practically no value as a forward indicator of returns.

FORBES: Experts at Guessing the Past

They also concluded that the HSNSI is more strongly related to past rather than future stock returns.

FORBES: Experts at Guessing the Past

Past earnings growth is no predictor of future stock performance, of course.

WSJ: HEARD ON THE STREET: Apple's Still-Tempting Valuation