代写论文:市场

代写论文:市场

•半强式有效市场假说——这种形式的有效市场假说认为,除了市场公共信息,当前的股票价格还包括公开非市场的信息。因此,投资者将利用可用的金融信息和决定购买出售股票。因此当前股票价格反映所有可用的公共信息。半强式市场包括弱形式。除此之外,它包括其他非公共信息市场。这些信息是用来做公司的基本面分析。在此基础上,投资者将购买和出售股票。因此这种形式的效率获得的超额回报投资者的地方限制使用基本面分析。因此如果市场是半强然后使用技术投资者不能获得超额回报(效率)的弱形式和基本分析。

代写论文:市场

• Semi – Strong form of efficient of market hypothesis – This form of efficient market hypothesis states that in addition to the market public information, the current stock price also includes publicly available non-market information. Thus it states the investor will make use of the available financial information and take the decision to buy sell the stock. Hence the current stock price is the reflection of all the available public information. Semi strong form of market includes the weak form. In addition to that, it includes the other non market public information. This information is used to do the fundamental analysis of the firm. On the basis of this, the investor will buy and sell the stock. Hence this form of efficiency places restriction on the excess returns earned by the investor using the fundamental analysis. Hence if the markets are semi strong then the investor cannot earn excess returns using the technical (weak form of efficiency) and fundamental analysis.