Investigators have tested the strong form EMH by examining the performance of the following type of investor:
A) corporate insiders.
B) stock exchange specialists.
C) security analysts.
D) professional money managers.
E) All of these are correct.

Question

Quizplus · Accepted Answer

The strong form of the Efficient Market Hypothesis (EMH) posits that all information, both public and private, is already reflected in stock prices. Therefore, no investor can consistently achieve higher returns. Investigators have tested this hypothesis by examining the performance of various types of investors who might have access to different levels of information, including corporate insiders, stock exchange specialists, security analysts, and professional money managers.

Investigators Have Tested the Strong Form EMH by Examining the Performance