A stock market analyst is able to identify mispriced stock by analyzing the financial statements of the company's stock. what is the efficiency form of this market? Explain.

There are three forms of efficiency in the market, weak form of efficiency, semi-strong form of efficiency and strong form of efficient. When the market is weak form efficient the investors can not use price patterns to generate excess return from the market so basically the technical analysis might not help the market generate excess return from the market. When the market is semi-strong form efficient then all the publicly available information has already been adjusted in the price of the stock, basically the fundamental analysis might not help the investor generate excess return from the market. In the strong form of efficient market, investor who has access to private information also can not consistently generate excess return from the market. Here the investor is able to use financial statement and find stocks and generate returns then we can say that the market is not semi-strong form efficient, the market can be weak form efficient.