Examples of anomalies providing contrary evidence to the semi-strong efficient market hypothesis include studies of all of the following EXCEPT
A) quarterly earnings reports.
B) price earnings ratios.
C) total market value.
D) stocks ranked by Standard & Poor's.
E) the January effect.

Question

Quizplus · Accepted Answer

The semi-strong efficient market hypothesis suggests that all publicly available information is already reflected in stock prices. Anomalies like quarterly earnings reports, price earnings ratios, total market value, and the January effect have been studied as contrary evidence. However, stocks ranked by Standard & Poor's do not typically provide contrary evidence to this hypothesis.

Examples of Anomalies Providing Contrary Evidence to the Semi-Strong Efficient