Synopsis
Excerpt from Maximizing Predictability in the Stock and Bond Markets<br><br><br><br>About the Publisher<br><br>Forgotten Books publishes hundreds of thousands of rare and classic books.<br><br>This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works. This text has been digitally restored from a historical edition. Some errors may persist, however we consider it worth publishing due to the work's historical value.<BR>The digital edition of all books may be viewed on our website before purchase.
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Maximizing Predictability in the Stock and Bond Markets (Classic Reprint)
impression à la demandeVendeur : Forgotten Books, London, Royaume-Uni
Évaluation du vendeur 4 sur 5 étoiles
Paperback. Etat : New. Print on Demand. This book investigates the elusive concept of predictability in stock and bond markets, a challenge that investors and academics alike have been attempting to unravel for decades. The author, a leading expert in the field, tackles this enduring problem by constructing portfolios of stocks and bonds that are maximally predictable, opening up new avenues to understanding the nature of market risk and return. The author argues that instead of searching for predictability in factors which are important contemporaneously, a better approach is to maximize predictability across portfolios, holding fixed the set of regressors used to forecast asset returns. This seemingly simple shift in perspective leads to novel and often surprising discoveries about the predictability of asset returns. The book not only enhances our knowledge of time-varying expected returns and optimal consumption and investment policies but also contributes to ongoing debates about market efficiency. The author finds predictability can be increased considerably by portfolio selection and horizon selection, providing evidence that expected returns are time-varying and dependent on market conditions. This challenges the efficient market hypothesis, which posits that all available information is reflected in current prices, leaving no room for consistent excess returns. This book will be of great interest to anyone seeking a deeper understanding of financial markets and the factors driving asset prices - a must-read for investors, financial analysts, and academics alike. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. N° de réf. du vendeur 9781333798642_0
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Maximizing Predictability in the Stock and Bond Markets (Classic Reprint)
Vendeur : PBShop.store US, Wood Dale, IL, Etats-Unis
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PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781333798642
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Maximizing Predictability in the Stock and Bond Markets (Classic Reprint)
Vendeur : PBShop.store UK, Fairford, GLOS, Royaume-Uni
Évaluation du vendeur 4 sur 5 étoiles
PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781333798642
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Expédition depuis Royaume-Uni vers Etats-Unis
Expédition depuis Royaume-Uni vers Etats-Unis
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