Finance professor Roy Batchelor and researcher Richard Ramyar, a former Director of the United Kingdom Society of Technical Analysts and formerly Global Head of Research at Lipper and Thomson Reuters Wealth Management, studied whether Fibonacci ratios appear non-randomly in the stock market, as Elliott's model predicts.
Lipper Average also known as Lipper Index are a series of indices that establish benchmarks to measure the performance of a portfolio, or of various mutual funds and exchange-traded funds produced by Lipper Analytical Services.