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考拉女士 · 2020年02月06日

问一道题:NO.PZ2018062002000086 [ CFA I ]

问题如下:

For a technical analyst who uses past prices and volume to predict future prices, what's his assumption about the market efficiency?

选项:

A.

The market is semi-strong-form efficient.

B.

The market is weak-form inefficient.

C.

The market is weak-form efficient.

解释:

B is correct.
Based on the weak-form efficient hypothesis, investors cannot earn abnormal returns by trading on the basis of past prices and volume. So technical analysts assume that markets are weak-form inefficient.

老师,这道题问的只是他用了价格等手段去判断,并没有说失败,为什么不能是弱有效市场呢?

1 个答案

maggie_品职助教 · 2020年02月08日

正是因为分析师认为技术分析可以获得超额收益,因此才会在市场中分析价量信息。所以选B。