@article {Saunders28, author = {Edward M. Saunders, Jr}, title = {Testing the Efficient Market Hypothesis without Assumptions}, volume = {20}, number = {4}, pages = {28--30}, year = {1994}, doi = {10.3905/jpm.1994.409487}, publisher = {Institutional Investor Journals Umbrella}, issn = {0095-4918}, URL = {https://jpm.pm-research.com/content/20/4/28}, eprint = {https://jpm.pm-research.com/content/20/4/28.full.pdf}, journal = {The Journal of Portfolio Management} }