## LogNormal Distribution Formula Math: What You Need to Know

The lognormal distribution, also known as the “log-normal distribution,” is a key probability distribution formula used in the fields of finance and mathematics. It is most commonly utilized in the forex market to project the probability of a certain stock’s price range changing. Additionally, the lognormal distribution formula is used by investors to take part in efficient portfolio management and develop risk management strategies. It is also used to calculate pricing in options trading by quantifying the probability of a closing price based on current data.