Which of the following provides evidence that would disprove the semi$-$strong form of EMH?

Group of answer choices

Less than half of active stock mutual funds outperform the market in any given year after subtracting fees and transaction costs.

Bill Miller, Peter Lynch & Sir John Templeton are active mutual fund managers that have outperformed the S&P $500$ over time.

Trend analysis is worthless in determining stock prices.

Low P$/$E stocks tend to have positive abnormal excess returns over the long run.