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Book Reports
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Number of pages / Number of words: |
2 / 406 |
Essay's paper body
A book âefficient market hypothesisâ by Burton G. Malkiel defines the EMH theory as:
1) The weak version of EMH says that it would be of no use to perform technical analysis (which is stock price analysis based exclusively on past trading data, in contrast to fundamental analysis, which is based upon the financial performance of the corporation)...
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A book âefficient market hypothesisâ by Burton G. Malkiel defines the EMH theory as:
1) The weak version of EMH says that it would be of no use to perform technical analysis (which is stock price analysis based exclusively on past trading data, in contrast to fundamental analysis, which is based upon the financial performance of the corporation)...
Essay fragment
General points of the essay
The statement of financial performance is based on data relating to past transactions and events. Hence the statement of financial performance is of no use to an investor’s decision making process.
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