XI.MARKETEFFICIENCY.pptVIP

XI. MARKET EFFICIENCY;A. Introduction to Market Efficiency;B. Weak Form Efficiency;Residuals Tests;Runs Tests;Filter Rules and Market Over-reaction;Moving Averages;The January Effect;The January Effect and Window-Dressing;The Small Firm and P/E Effects;The IPO Anomaly;C. Testing Momentum and Mean Reversion Strategies;Sports Betting Markets;Summary;D. Semi-Strong Form Efficiency;Early Tests;FFJR, Stock Splits and Event Studies;Corporate Merger Announcements, Annual Reports and Other Financial Statements;Information Contained in Publications and Analyst Reports;Analyst Reports and Conflicts of