Representativeness

Representativeness
Behavioral finance. Judgment by stereotype.
Residual Value
The standard deviation of the unexplained portion of the monthly return.

The representativeness heuristic is also cited behind the related phenomenon of the clustering illusion, ...

Representativeness: Judgment by stereotype.
Residual Value: The standard deviation of the unexplained portion of the monthly return.

See also: Reversal, Performance, Balance, Ratio, Series