Examlex
Which of the following statements about screening tests are correct? (Select all that apply)
Semistrong-Form Market Efficiency
A form of market efficiency that posits all public information is already reflected in stock prices, alongside historical data.
Weak-Form Market Efficiency
A form of market efficiency where all past trading information is already reflected in stock prices, assuming that investors cannot earn excess returns by analyzing historical price trends.
Strong-Form Market Efficiency
Describes a market where all information, public and private, is reflected in stock prices, and nobody can achieve superior gains.
Market Value
The current quoted price at which an asset or a service can be bought or sold.
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