According to the efficient markets hypothesis, at any moment in time, the market price is the best estimate of the company's value based on publicly available information.

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The Efficient Markets Hypothesis (EMH) posits that all known information is already reflected in stock prices, meaning that stocks always trade at their fair value on exchanges, making it impossible to consistently achieve higher returns than the overall market through expert stock selection or market timing.

According to the Efficient Markets Hypothesis, at Any Moment in Time