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46 Market Efficiency (the implications of each form of market efficiency…
46 Market Efficiency
the implications of each form of market efficiency for fundamental analysis, technical analysis, and the choice between active and passive portfolio management
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If markets are semi-strong from efficient, investors should invest passively.
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Efficient Capital Market
An informational efficient capital market is where security prices adjust rapidly to the infusion of new information.
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In markets that are highly efficient, investors can typically expect market values to reflect intrinsic values.
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