Which of the following accurately summarize the empirical evidence about technical analysis?
A)Technical analysts fare no better than other financial analysis-on average they do not outperform the market.
B)Technical analysts tend to outperform other financial analysis,but on average they nevertheless under-perform the market.
C)Technical analysts fare no better than other financial analysis,and like other financial analysts they outperform the market.
D)Technical analysts fare no better than other financial analysis,and like other financial analysts they under-perform the market.

Question

Quizplus · Accepted Answer

Empirical evidence suggests that technical analysts, on average, do not outperform the market, indicating that their performance is similar to other forms of financial analysis. This aligns with the efficient market hypothesis, which posits that all known information is already reflected in stock prices, making it difficult to achieve consistent above-market returns through technical analysis or other methods.

Which of the Following Accurately Summarize the Empirical Evidence About