What do we mean by "high quality" and "low quality" accruals? How does the market respond differently to these types of accruals?
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What do we mean by "high quality" and "low quality" accruals? How does the market respond differently to these types of accruals?
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- what are the sssumptions about market efficiency?The underlying assumptions of technical analysis are that A.price move in predictable patterns B. Market value is determined by market news C. Investors are rationalFor technical analysis, based on patterns of historical prices, to have value, ______ form of market efficiency must be violated.
- 1. What’s the difference between fundamental analysis and technical analysis? Don’t simply define them both. 2. What’s the difference between the terms “intrinsic value” and “market price?” or in other words, what’s the difference between Value and Price?What is the difference between the ratios that use the market price and the other ratios? Why might you get a different picture about firm performance from the different ratio types? Describe a specific scenario where this might occur.Why are the following “effects” considered efficient market anomalies? Are there rational explanations for any of these effects?a. P/E effect.b. Book-to-market effect.c. Momentum effect.d. Small-firm effect.
- Does GAAP distinguish between fair values that are readily determinable from current market prices versus those needing to be calculated based on the company’s own assumptions? Explain how a user will know about the reliability of the inputs used to determine fair value.What is weak-form EMH? What would you expect to see/not see if markets where weak form efficient? In other words, can you think of market events that would serve as evidence that market is or isn’t weak-form efficient?Why short selling are risky than buying margin?