You have been following an investment strategy that involves applying the following filter rule: (a)buy $10,000 worth of all shares that decline in price by more than 5% over the past week;and (b)sell (short)$10,000 worth of all shares that have risen in price by more than 5% over the past week.Over the past year,the return on this strategy has been 30%,while the return on the ASX 200 Index over the year was 12%.Does this demonstrate that the market is not semi- strong- form efficient? Discuss.

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The Answer of You have been following an investment strategy that involves applying the following filter rule: (a)buy $10,000 worth of all shares that decline in price by more than 5% over the past week;and (b)sell (short)$10,000 worth of all shares that have risen in price by more than 5% over the past week.Over the past year,the return on this strategy has been 30%,while the return on the ASX 200 Index over the year was 12%.Does this demonstrate that the market is not semi- strong- form efficient? Discuss.

You Have Been Following an Investment Strategy That Involves Applying