We study the stochastic dynamics of a two-dimensional magnetic moment embedded in a three-dimensional environment, described by means of the stochastic Landau-Lifshitz-Gilbert (sLLG) equation. We define a covariant generalization of this equation, valid in the “generalized Stratonovich discretization prescription”. We present a path integral formulation that allows to compute any point correlation function, independently of the stochastic calculus used. Using this formalism, we show the equivalence between the cartesian formulation with vectorial noise, with the polar formulation with just one scalar fluctuation term. In particular, we show that, for isotropic fluctuations, the system is represented by an {\em additive stochastic process}, despite of the multiplicative terms appearing in the original formulation of the sLLG equation, but, for anisotropic fluctuations the noise turns out to be truly multiplicative.

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