Efficient markets: related pages

Attempting to outperform the markets.

The theorem that investment decisions by firms need not be linked to consumption decisions by individual investors.

A graph showing the best possible return against lowest possible risk.

Price changes in securities that are (a priori) purely random. Expected behaviour in efficient markets.

The tendency of a number that changes over time to return to the long term average after anomalous periods.

Companies with a low market cap; they make up only a small part of the market by market cap but a large part by number.

A user of technical analysis, investing on the basis of share price movements rather than fundamentals.

Securities which are designed to have a value that reflect the value of a division of a company rather than the company as a whole.