Semi-strong-form Efficiency
Prices reflect all historical plus all publicly available information — earnings and dividend announcements, P/E, D/P and P/BV ratios, restructuring news, stock splits, economic and political news.
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
Free preparation for NISM Series XIX-C← All terms