Which of the following are ineffective strategies for producing excess returns if the market is semistrong-form efficient?
I.graphing past prices searching for patterns
II.watching the daily market movements
III.studying the latest analyst's reports
IV.analyzing a firm's financial statements
A) I and III only
B) I and IV only
C) I, II, and III only
D) II, III, and IV only
E) I, II, III, and IV

Question

Quizplus · Accepted Answer

In a semistrong-form efficient market, all publicly available information, including past prices, market movements, analyst reports, and financial statements, is already reflected in stock prices, making these strategies ineffective for producing excess returns.

Which of the Following Are Ineffective Strategies for Producing Excess