Also called external efficiency; a market characteristic that prices at all times fully reflect all available information that is relevant to the valuation of securities.
Similar Matches
Allocational efficiency
Allocational efficiency The effectiveness with which a market channels
capital toward its most productive uses.
Capital market efficiency
Capital market efficiency The degree to which the present asset price accurately reflects current information in the market place. See: Efficient market hypothesis.
Efficiency
Efficiency The degree and speed with which a market accurately incorporates information into prices.