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Which of the following phenomena would be either consistent with or a violation of the efficient market hypothesis? a. Nearly half of all professionally managed

Which of the following phenomena would be either consistent with or a violation of the efficient market hypothesis?

a.

Nearly half of all professionally managed mutual funds are able to outperform the S&P 500 in a typical year.

  • Consistent or Inconsistent?

b.

Money managers that outperform the market (on a risk-adjusted basis) in one year are likely to outperform in the following year.

  • Consistent or Inconsistent?

c.

Stock prices tend to be predictably more volatile in January than in other months.

  • Consistent or Inconsistent?

d.

Stock prices of companies that announce increased earnings in January tend to outperform the market in February.

  • Consistent or Inconsistent?

e. Consistent or

Inconsistent?

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