有效市场假说理论是股票市场理论研究的基础之一,股票市场的有效性对政府的监管和投资者的投资策略都有着重要影响.本文选取2006年至2010年上海股票市场的一系列指数的日收盘价进行游程检验,得出上海股票市场是弱式有效市场的结论.%The efficient market hypothesis theory is one basis of the stock market theory research, the effectiveness of the stock market has a significant impact on government regulation and investment strategies of investors. This paper selects closing price in a series of indexes from 2006 to 2010 of Shanghai stock market to runs test, making the concluding of Shanghai stock market is weak form efficient market.
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