The result of the hypothesis been true has been described by Wikipedia as:The efficient-market hypothesis was developed by Eugene Fama who argued that stocks always trade at their fair value, making it impossible for investors to either purchase undervalued stocks or sell stocks for inflated prices. As such, it should be impossible to outperform the overall market through expert stock selection or market timing, and that the only way an investor can possibly obtain higher returns is by chance or by purchasing riskier investments.Later on, Eugene Fama worked with Kenneth French, and they developed their hypothesis further and added that the market has variants, the weak, semi-strong, and the strong forms.The weak form of the EMH claims that trading information (levels and changes of prices and volumes) of traded assets are already incorporated in prices. If weak form efficiency holds then technical analysis cannot be used to generate superior returns.The semi-strong form of the EMH claims both that prices incorporate all publicly available information (which also includes information present in financial statements, other SEC filings etc.). If semi-strong form efficiency holds then neither technical analysis nor fundamental analysis can be used to generate superior returns.The strong form of the EMH additionally claims that prices incorporate all public and non-public (insider) information, and therefore even insiders cannot expect to earn superior returns (compared to the uninformed public) when they trade assets of which they have inside information.Outperforming the overall market or beating the market refers, theoretically, to the performance of one’s investment portfolio doing 7% to 10% better on annual basis on average than the overall stock market.Many times the \u2018overall stock market\u2019 is been reflected on the SP500 index that includes the 500 largest, by market capitalization, companies listed in the American stock market. An alternative is Russel 2000 and\/or\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Wikipedia ha descrito el resultado de la hip\u00f3tesis como: La hip\u00f3tesis del mercado eficiente fue desarrollada por Eugene Fama, quien argument\u00f3 que las acciones siempre se negocian [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/2683"}],"collection":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/comments?post=2683"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/2683\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/media?parent=2683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/categories?post=2683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/tags?post=2683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}