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Ch 4 · Security AnalysisCA Final AFM

5 levels · 93 questions · free

Getting the game ready…

How to play

Mixed questions from this chapter — fill the missing term, sort into the right box, match the pairs, order the steps, or catch the formula that is wrong.

What this drills

Nearly every mark in this chapter is a distinction you either have the right way round or the wrong way round — semi-strong vs strong, black vs white candlestick, breadth index vs confidence index.

  • Fundamental vs technical analysis
  • Dow, Elliott Wave and Random Walk
  • The three forms of Efficient Market Hypothesis
  • Market indicators and chart patterns

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Ch 4 · Security Analysis — questions

Which tests verify the WEAK form of market efficiency?+

Three: the serial correlation test, the run test and the filter rules test. All three ask the same question — can past prices predict future prices?

Is Security Analysis a theory-only chapter?+

Almost. The practical side is small — exponential moving averages, the run test and the auto-correlation test — but the theory is asked heavily, which is why this game is weighted towards it.