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The adjustment of stock prices to new information

Fama, Eugene F.; Fisher, Lawrence; Jensen, Michael C. - In: International economic review 10 (1969) 1, pp. 1-21

Persistent link: https://www.econbiz.de/10002140189

The adjustment of stock prices to new information

Fama, Eugene F.; Fisher, Lawrence; Jensen, Michael C. - In: Security evaluation and portfolio analysis, (pp. 322-343). 1972

Persistent link: https://www.econbiz.de/10002140198

The adjustment of stock prices to new information

Fama, Eugene F.; Fisher, Lawrence; Jensen, Michael C. - In: Investment classics, (pp. 296-314). 1979

Persistent link: https://www.econbiz.de/10002140212

The Adjustment of Stock Prices to New Information

Fama, Eugene F. - 2011

There is an impressive body of empirical evidence which indicates that successive price changes in individual common stocks are very nearly independent. Recent papers by Mandelbrot and Samuelson show rigorously that independence of successive price changes is consistent with an efficient market,...

Persistent link: https://www.econbiz.de/10012714972