{"title":"市场效率假说在捷克共和国的应用——以外汇为例","authors":"P. Makovský","doi":"10.18267/pr.2019.los.186.103","DOIUrl":null,"url":null,"abstract":"Abstract The Market Efficiency Hypothesis (MEH) in its weak form assumes that stock prices already reflect all the available past information. In the other words in the absence of the new information stock should remain unchanged. It is impossible to achieve abnormal long-term returns. More the technical analysis seems to be useless in contrary with the fundamental analysis. It is necessary to say that the MEH is an essential part of rational economics.","PeriodicalId":235267,"journal":{"name":"International Days of Statistics and Economics 2019","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":"{\"title\":\"Market Efficiency Hypothesis Application in the Czech Republic – the FOREX Case\",\"authors\":\"P. Makovský\",\"doi\":\"10.18267/pr.2019.los.186.103\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Abstract The Market Efficiency Hypothesis (MEH) in its weak form assumes that stock prices already reflect all the available past information. In the other words in the absence of the new information stock should remain unchanged. It is impossible to achieve abnormal long-term returns. More the technical analysis seems to be useless in contrary with the fundamental analysis. It is necessary to say that the MEH is an essential part of rational economics.\",\"PeriodicalId\":235267,\"journal\":{\"name\":\"International Days of Statistics and Economics 2019\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":0.0000,\"publicationDate\":\"1900-01-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"1\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"International Days of Statistics and Economics 2019\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.18267/pr.2019.los.186.103\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Days of Statistics and Economics 2019","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.18267/pr.2019.los.186.103","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Market Efficiency Hypothesis Application in the Czech Republic – the FOREX Case
Abstract The Market Efficiency Hypothesis (MEH) in its weak form assumes that stock prices already reflect all the available past information. In the other words in the absence of the new information stock should remain unchanged. It is impossible to achieve abnormal long-term returns. More the technical analysis seems to be useless in contrary with the fundamental analysis. It is necessary to say that the MEH is an essential part of rational economics.
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