Market anomaly
The departure of the price from its expected value, in other words a deviation from the expected returns suggested by asset pricing models such as the Capital Asset Pricing Model.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
Where this is taught
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