Examples of anomalies providing contrary evidence to the semi-strong efficient market hypothesis include studies of all of the following except
A) quarterly earnings reports.
B) price earnings ratios.
C) total market value.
D) stocks ranked by Standard & Poor's.
E) the January effect.

Question

Quizplus · Accepted Answer

The semi-strong form of the efficient market hypothesis suggests that all publicly available information is already reflected in stock prices. Studies of quarterly earnings reports, price earnings ratios, total market value, and the January effect have shown anomalies that contradict this hypothesis. However, stocks ranked by Standard & Poor's do not typically provide contrary evidence to the semi-strong form of market efficiency.

Examples of Anomalies Providing Contrary Evidence to the Semi-Strong Efficient