Busıness Fınance I Deneme Sınavı Sorusu #1398774
Which one below is a component of weak form in the results of the EMH?
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EMH states that all publicly available information is fully reflected in prices. |
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EMH states that all privately and publicly available information is fully reflected in prices. |
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It should not be possible for investors using information from past price changes to obtain consistent excess profits. |
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It should not be possible for investors using publicly available information to obtain consistent excess profits. |
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Even insiders trading on their information (independent of legal and ethical considerations) are engaging in useless activities |
Weak form of the EMH states that all information contained in past prices is fully reflected in prices. If weak-form efficiency holds, it should not be possible for investors using information from past price changes to obtain consistent excess profits. Chartists and other technical analysts are engaging in useless activities.
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