Describe the accounting information within the Efficient Market Hypothesis (EMH) and highlight the role of the financial analysts?

Efficient market hypothesis implies that investors can understand all accounting information accurately and response quickly. hence, the rational behaviour of the investors reflect in the stock prices as soon as it is released. it also suggest that stocks can be sold only at fair prices because of the investors accounting knowledge. But in reality the information available to the investors can't be implemented without analysing its post and pre factors also. Besides, several other factors also influence the prices of stocks such as economical and environmental.Though a normal investor will have a rough idea regarding the impact of these factors on share prices they may or not end up in right prediction . so, the only possiblity is to undertake risk by the investors alone. In the light of thiese facts,hypothesis is not belived to be as efficient but still the researches are studying on its reliabilty. besides considering its drawback an efficient finacial analysit can make proper and quick response in the finacial market with the accounting information by comparing its impacts on several other factors also.however, the ultimate responsibility of the impact lies on the investors itself.so his discreation will play a key role in deciding his gain or loss.