Definition
The efficient market hypothesis (EMH) states that financial markets are "informationally efficient" in that the prices of the traded assets reflect all known information at any given time. But if this is true, then why do prices vary from day-to-day despite no new fundamental information? The answer involves one aspect that is commonly forgotten among individual traders: liquidity. Many large inst
In Panel Profits
In the Panel Profits market platform, How Statistical Arbitrage Can Lead to Big Profits applies standard equities & market mechanics principles to comic assets and physical collections. Trading volume and liquidity spreads reflect secondary market dealer and auction transactions.
Common mistakes
Do not infer unobserved prices.