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Question

Which is not a true statement concerning industry analysis?

Accepted Answer

Industries that perform well in one time period will continue to outperform the aggregate market in subsequent time periods.

Answer

Risk measures for different industries remain fairly constant over time.

Answer

During any time period, the returns for different industries vary within a wide range.

Answer

Company analysis is a necessary follow-up to industry analysis.

Answer

During any time period, different industries' risk levels vary within wide ranges.

Which is not a true statement concerning industry analysis?