（二）半强式有效市场（Semi-strong efficient market），是有效市场的第二层次 其特征是：证券的现行价格反映了所有已公开的信息，这些信息不仅包括证券价格和交易量等历史信息，而且...
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(2) 半强势效率市场(semi-strong efficient market)：半强势效率市场中，股票的现行市 价，已反应出所有公开资讯，因此基本分析将无法带给投资人任何协助。
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In another way, Fama still put forwards the three types of efficient Market based on classifying information about assets pricing by Roberts, there are weak-strong efficient market, semi-strong efficient market and strong efficient market.
此外，Fama根据Roberts(1967)对与资产定价有关的信息分类提出了区分有效市场的三种水平：弱式有效市场、半强式有效市场和强式有效市场。
参考来源 - 我国证券市场分形特征研究·2,447,543篇论文数据，部分数据来源于NoteExpress
And the corresponding different information sets, the market will be divided into three categories: the weak-effective market, semi-strong efficient market and strong market effective.
并且人们根据对应的信息集的不同，将有效市场分为三类：弱式有效市场、半强式有效市场和强式有效市场。
According to the levels of the information the price reflects, Fama classified the efficient market into three types: weak efficient market, semi-strong efficient market and strong efficient market.
法玛在有效市场假说中根据价格所反映信息的层次将有效市场分为强有效市场、次强有效市场和弱有效市场。
According to the corresponding different information collection, the efficient market was divided into three kinds: weak form market, semi-strong form market and strong form market.
根据对应的信息集的不同，人们将有效市场分为三类：弱式有效市场、半强式有效市场和强式有效市场。
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