The research paper draft represents a substantially completed paper, and should include the abstract, table contents, preliminary reference list, and the majority of the body, text, and content of the research paper.
- Introduction: The introduction should discuss the purpose of the paper, a brief summary of the content and conclusions.
- Table of Contents: Complete a brief bullet-point table of contents, outlining the proposed structure, organization, and logic of your research paper.
- Preliminary Reference List: The preliminary reference list consists of at least 5 preliminary reference sources you anticipate using in your research paper. It is expected that these reference sources may change.
Critical Elements
Total 80 Points
Substantially completed paper, including the introduction, table of contents, preliminary reference list, and the majority of the body, text, and content of the research paper, which will include:
Introduction
0-5
Table of content
0-5
Body of the research paper is well developed
0-50
Conclusion of the paper
0-5
References
0-5
Proper format, syntax, grammar, punctuation, mechanics
0-10
Final Research Paper Rubric
Criteria
Exemplary
Meets Expectations
Developing
Elements
50 Points
45-50 Points
The paper clearly addresses all aspects of the directions. The ideas contained in it are clear, based in solid logic, and concise at all times. The work provides multiple textual examples and details that clearly support the ideas presented within it. The topic is thoroughly explored in detail.
40-44 Points
The paper addresses all aspects of the assignment directions. The ideas contained in it are usually clear, based in logic, and concise. The work provides some textual examples and details to support the ideas presented within it. The topic is explored with sufficient detail.
0-39 Points
The paper addresses most aspects of the assignment directions. The ideas contained in it are general, lack solid logic and/ or wordy. The work provides few textual examples and details to support the ideas presented within it. The topic is explored at a general level.
Discussion/Reflection
50 Points
45-50 Points
The discussion very effectively summarizes the main points and wraps up the project. Highly rational arguments or evaluations are skillfully used to persuade readers and to substantiate logical points. All information presented is accurate.
40-44 Points
The discussion summarizes the main points and wraps up the project. Rational arguments or evaluations are used to persuade readers and to substantiate points. Most information presented is accurate.
0-39 Points
The discussion is somewhat weak, but makes an attempt to summarize the main points and wrap up the project. Ordinary arguments or evaluations are used to substantiate points. Some information is clearly not accurate.
Citations & Technical Aspects
25 Points
Write a 5 page research paper with the attach outline using the topicPortfolio Management in an Efficient Market Context also talked about some anecdotal evidence in the news, like not being able to trade or profit from current release of information using at least 5 references,
and should include the abstract, table contents, preliminary reference list, and the majority of the body, text, and content of the research paper.
- Introduction: The introduction should discuss the purpose of the paper, a brief summary of the content and conclusions.
- Table of Contents:Complete a brief bullet-point table of contents, outlining the proposed structure, organization, and logic of your research paper.
- Preliminary Reference List: The preliminary reference list consists of at least 5 preliminary reference sources you anticipate using in your research paper. It is expected that these reference sources may change.
21-25 Points
APA styling is used to the highest degree. There are no errors in formatting. Grammar, spelling and punctuation are impeccable. No errors are foun
- Introduction: Portfolio Management in an Efficient Market Context
- Efficient market refers to the market form where the investors are rational and that everyone has the uniform information on the stock and on the movement of the price. This avoids the stock prices to be biased on any particular section of the society. The objective of this paper is to study on the different forms of efficient market and how it is different from one another.
- Body of Paper-
Efficient market is a market in which investors are considered to be rational and it indicates that the prices of the security are not biased towards any particular group or individual. In should be noted here that un-biasness does not means that price of the security should not always means that the price of the security should always be equal to the intrinsic value of the security. However any deviation from the intrinsic value is considered to be rational.
There are three forms of efficient market –
- Strong form efficient market
- Weak form efficient market
- Semi-strong efficient market
Strong form efficient market is one of three forms of efficient market suggested by Eugene Fama. As per the theory this form of market reflects all public and private information are reflected in the price of the security. However this assumption of this market is considered to be un-justified as this kind of market is not available in the real world.
In a semi strong efficient market the price of the stock adjust itself for all the publically traded information available in the market thus the prices reflects two information i.e. the information about past volume and prices and all the publically traded information.
Weak form efficiency is a market form wherein the price of security is impacted by the historic price and the volume of trade. Under this theory there is no impact of the company specific information on the market price.
It is stated by many authors that efficient market hypothesis has been wrongly understood by many people. Some of the most common misconceptions are stated as under –
- It always assumes that market can forecast all the events perfectly. However what the theory states that all information is available not the forecasting ability is perfect.
- It is said that with the fluctuation in price the true value cannot be reached. It should be noted here that price fluctuate in order to adjust itself with the correct value.
- As the information’s entire are available in the market both public and private as a result of which the institutional portfolio managers are not able to achieve superior investment performance. It should be understand here that in an efficient market it is not possible in general to earn superior profit.
- Some of the scholars states that random movement of stock price indicates that the market is not rational. However this is not always true as there are two different things randomness and irrationality thus if the investors are rational prices will change in random.
- Summary
Thus, efficient market is an ideal form of market of market. However, in practice these form are difficult to have as there are several information’s that are available in pockets and are not available uniformly to all people.
- Reference
The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street Paperback – February 8, 2011 by Justin Fox
The Efficient Market Hypothesists: Bachelier, Samuelson, Fama, Ross, Tobin and Shiller (Great Minds in Finance) by Colin Read
Efficient Market Hypothesis: Weak-Form EMH FTSE Perspective Kindle Edition by Jason Rong
