Quiz Ch 08 – Insufficient Trading Volume Phenomenon
Essentials of Investments
Bodie, Kane, and Marcus
12th Edition
What term describes the deficiency in trading volume in a stock, potentially resulting in its ability to generate excess returns?
What term describes the deficiency in trading volume in a stock, potentially resulting in its ability to generate excess returns?
What did Maurice Kendall’s 1953 study on stock prices reveal?
What are some significant features of market efficiency?
Which diverges from the central themes in the discourse on market efficiency?
Which action is unlikely to yield benefits based on modern portfolio theory?
What does this imply about the subsequent movements of returns when there is a positive serial correlation in stock returns?
What does the term “random walk” typically denote in investment contexts?
What assertion does the semistrong-form of the efficient market hypothesis make?
Which information the semistrong-form of the EMH stipulate should be included in the current stock price?
What should investors do based on evidence supporting semistrong-form market efficiency?