Trend is not a slang term. Trendiness can be anti-persistent, random or persistent. Trendiness is found in the presence of a power-law decay of the autocorrelation function of a time series.
Anyone pursuing a trend-following strategy that does not differentiate b/t these regimes and does not adjust for time-varying volatility/irregularity is hurting their performance.
Anyone pursuing a trend-following strategy that does not differentiate b/t these regimes and does not adjust for time-varying volatility/irregularity is hurting their performance.