Question: This question is based on Module 3 Efficient Capital Markets and Technical Analysis. In Australia, a public company are required to continuously disclose semi-annual and

This question is based on Module 3 Efficient Capital Markets and Technical Analysis. In

Australia, a public company are required to continuously disclose semi-annual and annual

financial data and substantial information to the market. As you are an equity trader in a

top fund management firm, you are interested in knowing how stock price of your assigned

company responds to its earnings release in the context of market efficiency. Your task is to

evaluate the stock price movement and estimate the impact of earning announcements on

its stock prices of Fisher & Paykel healthcare Corporation ltd, one of its competitors and S&P 200 or S&P300 index over the last five years (from June 2019 to September 2024). More specifically, first, you will investigate the speed of share price adjustments to these announcements (either good news or bad news or no surprise via comparing those with analysts' earnings consensus from any sources) using the same graph/s labelled with the earnings events.

Second, discuss the speed of share price adjustments and magnitudes (cite source materials

or literature to support your discussions).

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