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What theory is the following statement consistent with The market is fully efficient so that no alpha can exist, and any measured CAPM alpha is

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What theory is the following statement consistent with The market is fully efficient so that no alpha can exist, and any measured CAPM alpha is only due to measurement error or short van luck which will dapate over the long term. More so, even if one has private information about a firm, he or she cannot use that information to secure alpha as that information is already taken into account by the marvet Fama's Strong Form EMH Fama's Semi Strong Form I'M Fama's Weak-Form EM None of the efficient market hypotheses (EMH) of Fama

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