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Efficient market |
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Efficient marketA market in which, at a minimum, current price changes are independent of past price changes, or, more strongly, price reflects all (publicly) available information. Some believe foreign exchange markets to be efficient, which in turn implies that future exchange rates cannot profitably be predicted.Efficient marketEconomy in which prices correctly reflect all relevant information.Efficient market Similar MatchesEfficient markets theory(EMT)Efficient markets theory(EMT)Principle that all assets are correctly priced by the market, and that there are no bargains. Internally efficient marketInternally efficient marketSee: Operationally efficient market Efficient frontierEfficient frontierThe combinations of securities portfolios that maximize expected return for any level of expected risk, or that minimizes expected risk for any level of expected return. Pioneered by Harry Markowitz. Coefficient of VariationCoefficient of VariationA measure of investment risk that defines risk as the standard deviation per unit of expected return. Efficient capital marketEfficient capital marketA market in which new information is very quickly reflected accurately in share prices. Further SuggestionsMinimum efficient scaleEfficient diversification Gini Coefficient Earnings response coefficient Coefficient of determination Correlation coefficient efficient market theory Operationally efficient market Inefficient portfolio Efficient allocation Regression coefficient Information Coefficient (IC) Efficient set |
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