Hostname: page-component-7bb8b95d7b-dtkg6 Total loading time: 0 Render date: 2024-09-06T23:18:36.225Z Has data issue: false hasContentIssue false

Abstract–The Efficient Market Hypothesis and the Value of Traditional Security Analysis

Published online by Cambridge University Press:  19 October 2009

Extract

The efficient market hypothesis implies that the issuance of market information is quickly, reflected in price changes and that the opportunity to profit from its content is highly improbable. This hypothesis has encouraged empirical research, and based on the consensus of evidence, the value of traditional security analysis is strongly questioned. Despite the rigor of these analyses the argument against traditional security analysis remains behaviorally and theoretically limited.

Type
I. Studies in Market Efficiency
Copyright
Copyright © School of Business Administration, University of Washington 1975

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)