CFA Practice Question

CFA Practice Question

Which one of the following is false?
A. If the strong-form efficient market hypothesis is true, then the weak-form efficient market hypothesis must also be true.
B. Empirical tests of filter rules, find that these rules generally outperform buy-and-hold strategies.
C. Whether stock prices move randomly are tested by autocorrelation tests and runs tests.
Explanation: Tests of filter rules, find that these rules generally do not outperform buy-and-hold strategies, thereby providing empirical support for weak-form EMH.

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