|
 |
Investing Glossary:
Marketplace price efficiency
Copyright 2010,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
- M -
| Term: |
| Marketplace price efficiency
|
|
| Definition: |
| The degree to which the prices of Assets reflect the available marketplace information. Marketplace price Efficiency is sometimes estimated as the difficulty faced by Active management of earning a greater Return than passive Management would, after adjusting for the Risk associated with a Strategy and the Transactions costs associated with implementing a strategy.
|
|
|
| |
|
