FIM_Lecture_4_Market Efficiency_Technical Analysis

ARKET EFFICIENCY AND TECHNICAL ANALYSIS Instruments and Markets Learning module 4 PPEA Ch3. Ch 12. A global university Western Australia | Dubai | Malaysia | Mauritius | Singapore WARNING This materia l has been reproduced and communicated to you by or on behalf of Curtin University in accordance with section 113P of the Copyright Act 1968 (the Act) The material in this communication may be subject to copyright under the Act. Any further reproduction or communication of this material by you may be the subject of copyright protection under the Act. Do not remove this notice. Material in this lecture has been adapted and taken from the CFA Institute 2 Learning Outcomes • Discuss market efficiency and related concepts, including importance to investment practitioners • Distinguish between market value and intrinsic value • Explain the implications of market efficiency for fundamental analysis, technical analysis, and the choice between active and passive portfolio management • Explain the principles of technical analysis, its applications, and its underlying assumptions • Discuss the construction and interpretation of different types of technical analysis charts and indicators