Noisy market hypothesis

Part of a series on
Financial markets
Looking up at a computerized stocks-value board at the Philippine Stock Exchange
Bond market
Stock market
Other markets
Over-the-counter (off-exchange)
Trading
Related areas

In finance, the noisy market hypothesis contrasts the efficient-market hypothesis in that it claims that the prices of securities are not always the best estimate of the true underlying value of the firm. It argues that prices can be influenced by speculators and momentum traders, as well as by insiders and institutions that often buy and sell stocks for reasons unrelated to fundamental value, such as for diversification, liquidity and taxes. These temporary shocks referred to as "noise" can obscure the true value of securities and may result in mispricing of these securities, potentially for many years.[1][2]

References

  1. ^ Bodie, Z., Kane, A. and Marcus, A. J. Essentials of Investments, McGraw Hill Irwin, 2013, Chapter 8. ISBN 0078034698
  2. ^ The Noisy Market Hypothesis, Wall Street Journal, Jeremy Siegel, June 14, 2006

See also


Stub icon

This finance-related article is a stub. You can help Wikipedia by expanding it.

Read other articles:

Capitalismo

Questa voce o sezione sugli argomenti diritto e economia è priva o carente di note e riferimenti bibliografici puntuali. Sebbene vi siano una bibliografia e/o dei collegamenti esterni, manca la contestualizzazione delle fonti con note a piè di pagina o altri riferimenti precisi che indichino puntualmente la provenienza delle informazioni. Puoi migliorare questa voce citando le fonti più precisamente. Segui i suggerimenti dei progetti di riferimento 1, 2. Sala contrattazioni della bor...

 

Araneus bicentenarius

Araneus bicentenarius Klasifikasi ilmiah Kerajaan: Animalia Filum: Arthropoda Kelas: Arachnida Ordo: Araneae Famili: Araneidae Genus: Araneus Spesies: Araneus bicentenarius Nama binomial Araneus bicentenariusMcCook, 1888 Araneus bicentenarius adalah spesies laba-laba yang tergolong famili Araneidae. Spesies ini juga merupakan bagian dari genus Araneus dan ordo Araneae. Nama ilmiah dari spesies ini pertama kali diterbitkan pada tahun 1888 oleh McCook. Laba-laba ini biasanya banyak ditemui di ...

 

Kapal tempur Jepang Yamato

Untuk kapal lain dengan nama serupa, lihat Yamato (kapal). Yamato sedang diuji coba, pada 20 Oktober 1941 dekat Selat Bungo Sejarah Kekaisaran Jepang Nama YamatoDipesan Maret 1937[1]Pembangun Arsenal Angkatan Laut KurePasang lunas 4 November 1937[2]Diluncurkan 8 Agustus 1940[2]Mulai berlayar 16 Desember 1941[2]Dicoret 31 Agustus 1945Nasib list error: <br /> list (help)Tenggelam 7 April 1945 di utara Okinawa (30°22′N 128°04′E / 30.367...

Daftar maskapai penerbangan Oseania

Artikel ini sebatang kara, artinya tidak ada artikel lain yang memiliki pranala balik ke halaman ini.Bantulah menambah pranala ke artikel ini dari artikel yang berhubungan atau coba peralatan pencari pranala.Tag ini diberikan pada Desember 2022. Ini adalah daftar maskapai penerbangan yang saat ini beroperasi. Oseania  Samoa Amerika Inter Island Airways  Australia Qantas Virgin Blue  Kepulauan Cook Air Rarotonga  Fiji Air Katafanga Fiji Airways Pacific Island Air Pacific Su...

 

Gampai

Rok dengan gampai di jahitannya. Gampai atau Godet ( /ɡoʊˈdeɪ/ atau /ɡoʊˈdɛt/ ) [1] adalah potongan kain tambahan berbentuk bidang melingkar yang dijadikan pakaian, biasanya gaun atau rok .[2] Penambahan gampai menyebabkan pakaian tersebut melebar, sehingga menambah lebar dan volume . Penggunaan gampai yang paling populer adalah pada rok dalam.[3] Menambahkan gampai pada pakaian juga memberikan jangkauan gerak yang lebih luas bagi pemakainya. [4] Refere...

 

Coppa Italia Serie D 2021-2022

Coppa Italia Serie D 2021-2022 Competizione Coppa Italia Serie D Sport Calcio Edizione 22ª Organizzatore FIGC Date dall'11 settembre 2021al 1º giugno 2022 Luogo  Italia Partecipanti 172 Risultati Vincitore  Follonica Gavorrano(1º titolo) Secondo  Torres Semi-finalisti  Virtus CiseranoBergamo Audace Cerignola Statistiche Miglior marcatore Lorenzo Benedetti (6) Incontri disputati 171 Gol segnati 469 (2,74 per incontro) Cronologia della competizione 201...

Thunderball (film)

ThunderballPoster film resmiSutradaraTerence YoungProduserKevin McClorySkenarioRichard MaibaumJohn Hopkins Naskah asli olehJack Whittingham CeritaKevin McCloryJack WhittinghamIan FlemingBerdasarkanThunderballby Ian FlemingPemeran Sean Connery Claudine Auger Adolfo Celi Luciana Paluzzi Rik Van Nutter Guy Doleman Penata musikJohn BarrySinematograferTed MoorePenyuntingPeter HuntErnest HoslerPerusahaanproduksiEon ProductionsDistributorUnited ArtistsTanggal rilis 9 Desember 1965 (1965-1...

 

Pius Riana Prapdi

Yang MuliaPius Riana PrapdiUskup KetapangGerejaGereja Katolik RomaKeuskupan agungPontianakKeuskupanKetapangPenunjukan25 Juni 2012(11 tahun, 280 hari)Awal masa jabatan9 September 2012(11 tahun, 204 hari)PendahuluBlasius PujaraharjaJabatan lainKetua Komisi Kepemudaan KWI (2015—sekarang)ImamatTahbisan imam8 Juli 1995 (28 tahun, 267 hari)oleh Julius Kardinal Darmaatmadja, S.J.Tahbisan uskup9 September 2012 (11 tahun, 204 hari)oleh Blasius Pujara...

 

No. 167 Squadron RAF

Defunct flying squadron of the Royal Air Force No. 167 (Gold Coast) Squadron RAFActive1918-191942-431944-461953-58CountryUnited KingdomBranchRoyal Air ForceNickname(s)Gold CoastMilitary unit No. 167 Squadron RAF is a former Royal Air Force squadron. History Inter-war years 167 Squadron was formed on 18 November 1918 just after the Armistice of the First World War at RAF Bircham Newton as a heavy bomber squadron in No. 27 Group RAF with Handley Page V/1500 four-engined planes.[1] The s...

Серия почтовых марок

У этого термина существуют и другие значения, см. Серия. Серия беззубцовых почтовых марок СССР (1957), посвящённых VI Всемирному фестивалю молодёжи и студентов в Москве Се́рия почто́вых ма́рок — полный ряд почтовых марок и, возможно, блоков, объединённых назначением, поводо�...

 

2011–12 Serbian SuperLiga

6th season of Serbian SuperLiga Football league seasonJelen SuperLigaSeason2011–12ChampionsPartizan5th SuperLiga title24th domestic titleRelegatedMetalacBoracChampions LeaguePartizanEuropa LeagueRed StarVojvodinaJagodinaMatches played240Goals scored527 (2.2 per match)Top goalscorerDarko Spalević (19 goals)Biggest home winPartizan 5–0 Novi PazarRed Star 5–0 MetalacBiggest away winMetalac 0–5 Red StarHighest scoringJavor Ivanjica 2–4 RadničkiPartizan 5–1 BoracRadnički 4–2 ...

 

Gaetano Belloni

Gaetano Belloni Nazionalità  Italia Ciclismo Specialità Strada, pista Termine carriera 1932 CarrieraSquadre di club 1916-1922 Bianchi1923-1924 Legnano1925Wolsit1926-1927Opel1928Wolsit1929-1931 Bianchi1932 OlympiaCarriera da allenatore 1956-1958 Leo-Chlorodont   Modifica dati su Wikidata · Manuale Gaetano Belloni (Pizzighettone, 26 agosto 1892 – Milano, 9 gennaio 1980) è stato un ciclista su strada e pistard italiano. Professionista dal 1916 al 19...

哈萨克斯坦总统

此条目序言章节没有充分总结全文内容要点。 (2019年3月21日)请考虑扩充序言，清晰概述条目所有重點。请在条目的讨论页讨论此问题。 哈萨克斯坦總統哈薩克總統旗現任Қасым-Жомарт Кемелұлы Тоқаев卡瑟姆若马尔特·托卡耶夫自2019年3月20日在任任期7年首任努尔苏丹·纳扎尔巴耶夫设立1990年4月24日（哈薩克蘇維埃社會主義共和國總統） 哈萨克斯坦 哈萨克斯坦政府...

 

DisplayPort

Digital display interface This article may be too technical for most readers to understand. Relevant discussion may be found on the talk page. Please help improve it to make it understandable to non-experts, without removing the technical details. (March 2024) (Learn how and when to remove this message) DisplayPort Type Digital audio/video connectorProduction historyDesigner VESADesigned May 2006; 18 years ago (2006-05)Manufacturer VariousProduced 2008–presentSupersed...

 

Divisor

Integer that is a factor of another integer This article includes a list of general references, but it lacks sufficient corresponding inline citations. Please help to improve this article by introducing more precise citations. (June 2015) (Learn how and when to remove this message) This article is about an integer that is a factor of another integer. For a number used to divide another number in a division operation, see Division (mathematics). For other uses, see Divisor (disambiguation). Di...

CEN

CEN可以是以下意思： 香港有線娛樂新聞台的舊稱 歐洲標準化委員會（法語：Comité Européen de Normalisation） 香港中環站的車站代碼 这是一个消歧义页，羅列了有相同或相近的标题，但內容不同的条目。如果您是通过某條目的内部链接而转到本页，希望您能協助修正该處的内部链接，將它指向正确的条目。

 

NGC 6007

NGC 6007   الكوكبة الحية[1]  رمز الفهرس NGC 6007 (الفهرس العام الجديد)2MASX J15532317+1157327 (Two Micron All-Sky Survey, Extended source catalogue)IRAS F15510+1206 (IRAS)MCG+02-40-018 (فهرس المجرات الموروفولوجي)IRAS 15510+1206 (IRAS)UGC 10079 (فهرس أوبسالا العام)PGC 56309 (فهرس المجرات الرئيسية)Z 1551.0+1206 (فهرس المجرات وعناقيد المجرات)Z 78-95 (فهر�...

 

Dive Bomber (film)

1941 film Dive BomberTheatrical release posterDirected byMichael CurtizScreenplay byFrank WeadRobert BucknerStory byFrank WeadProduced byHal B. WallisStarringErrol FlynnFred MacMurray Alexis Smith Ralph BellamyCinematographyBert GlennonWinton C. HochEdited byGeorge AmyMusic byMax SteinerProductioncompanyWarner Bros.Distributed byWarner Bros.Release date August 30, 1941 (1941-08-30) Running time133 minutesCountryUnited StatesLanguageEnglishBudget$1,201,000[1]Box office$2...

British armoured fighting vehicle production during World War II

This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these template messages) This article includes a list of general references, but it lacks sufficient corresponding inline citations. Please help to improve this article by introducing more precise citations. (September 2010) (Learn how and when to remove this message) This article's lead section may be too short to adequately summarize the key points. Please consid...

 

Magnus Eriksson (koning)

Zegel van Magnus Eriksson (omschrift: SIGILLVM MAGNI DEI GRACIA SWEORVM GOTORVM ET NORVEGIE REGIS (Zegel van Magnus bij gratie Gods van de Zweden, de Goten en van Noorwegen koning). Magnus Eriksson, in Zweden als Magnus IV geteld, in Noorwegen als Magnus VII(I), (april of mei 1316[1] - Bömmelfjorden, 1 december 1374[1]) was van 1319 tot 1364 koning van Zweden, en vanaf 1319 tot de verdeling van zijn rijk onder zijn twee zonen in 1355 koning van Noorwegen (inclusief IJsland en...