- CFA Exams
- CFA Level I Exam
- Topic 5. Equity Investments
- Learning Module 3. Market Efficiency
- Subject 3. Market Pricing Anomalies
CFA Practice Question
Momentum anomalies contradict the ______ form of the efficient market hypothesis.
B. semi-strong
C. strong
A. weak
B. semi-strong
C. strong
Correct Answer: A
They represent a pattern in prices that can be exploited by simply using historical price information.
User Contributed Comments 3
| User | Comment |
|---|---|
| davcer | remember momentum indicators are for technical analysis |
| Shaan23 | In Another question from another bank If the momemntum effects persist over time, it would provide evidence against which of the following forms? Answer is Weak and Semi strong. |
| floydbite | @Shaan23...why not strong form too? |