In , current prices already reflect the price history and volume of the stock as well as all available public information. semi-strong-form efficient markets weak-form efficient markets operationally efficient markets strong-form efficient markets

Semi- strong form efficient markets

Explanation:

The efficient market hypothesis states that securities are fairly priced and eliminates the possibility of investors earning abnormal gains via arbitrage.

Under the theory, 3 forms of markets are specified which are, strong form, semi-strong form and weak form of efficient markets.

Under the semi strong form of efficient markets, the price of a stock is based upon the available past information and trends as well as current public information available.

Under this form of markets, security prices quickly adjust to latest available public information thereby eliminating the importance of conducting fundamental and technical analysis to unravel price movement trends.

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