About this document
Understanding Efficient Market Hypothesis by Hastings Kapala is a document available to read on EtoBox.
The document discusses the efficient market hypothesis (EMH) which states that current stock prices fully reflect all available public information. It defines three forms of market efficiency - weak, semi-strong, and strong - based on the types of information reflected in prices. The weak form suggests prices reflect only historical price data, semi-strong reflects both historical data and public news/reports, and strong form reflects all public and private information. Evidence supports at least weak and s
- Author
- Hastings Kapala
- Language
- EN