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The Convergence of Prices to Fundamental Values: Applied Equity Valuation and Trading Strategy - Couverture souple
Synopsis
Previous study shows that value-to-price ratios (V/P) predict future stock returns. This empirical regularity is consistent with the notion that stock prices converge to fundamental values over time for mispriced securities. However, the existing evidence on price convergence is indirect and incomplete. This book examines the extent to which price convergence to fundamental value explains the success of V/P trading strategy. In addition, evidence is provided to show the effects of analyst forecast, price momentum and earnings announcement in the convergence process. An ex ante model is developed to predict what types of stocks are likely to exhibit the tendency of price convergence to fundamental value. The analysis should help shed some light on the debate on capital market efficiency, and should be useful to anyone who may be interested in equity valuation, fundamental analysis and stock trading strategies.
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Présentation de l'éditeur
Previous study shows that value-to-price ratios (V/P) predict future stock returns. This empirical regularity is consistent with the notion that stock prices converge to fundamental values over time for mispriced securities. However, the existing evidence on price convergence is indirect and incomplete. This book examines the extent to which price convergence to fundamental value explains the success of V/P trading strategy. In addition, evidence is provided to show the effects of analyst forecast, price momentum and earnings announcement in the convergence process. An ex ante model is developed to predict what types of stocks are likely to exhibit the tendency of price convergence to fundamental value. The analysis should help shed some light on the debate on capital market efficiency, and should be useful to anyone who may be interested in equity valuation, fundamental analysis and stock trading strategies.
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The Convergence of Prices to Fundamental Values
Edité par
LAP Lambert Academic Publishing, 2009
ISBN 10 : 3838321979
ISBN 13 : 9783838321974
Neuf
Couverture souple
Vendeur : moluna, Greven, Allemagne
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Etat : New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Previous study shows that value-to-price ratios (V/P) predict future stock returns. This empirical regularity is consistent with the notion that stock prices converge to fundamental values over time for mispriced securities. However, the existing evidence o. N° de réf. du vendeur 5412860
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The Convergence of Prices to Fundamental Values : Applied Equity Valuation and Trading Strategy
Edité par
LAP LAMBERT Academic Publishing, 2009
ISBN 10 : 3838321979
ISBN 13 : 9783838321974
Neuf
Taschenbuch
Vendeur : AHA-BUCH GmbH, Einbeck, Allemagne
Évaluation du vendeur 5 sur 5 étoiles
Taschenbuch. Etat : Neu. nach der Bestellung gedruckt Neuware - Printed after ordering - Previous study shows that value-to-price ratios (V/P) predict future stock returns. This empirical regularity is consistent with the notion that stock prices converge to fundamental values over time for mispriced securities. However, the existing evidence on price convergence is indirect and incomplete. This book examines the extent to which price convergence to fundamental value explains the success of V/P trading strategy. In addition, evidence is provided to show the effects of analyst forecast, price momentum and earnings announcement in the convergence process. An ex ante model is developed to predict what types of stocks are likely to exhibit the tendency of price convergence to fundamental value. The analysis should help shed some light on the debate on capital market efficiency, and should be useful to anyone who may be interested in equity valuation, fundamental analysis and stock trading strategies. N° de réf. du vendeur 9783838321974
Quantité disponible : 1 disponible(s)
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The Convergence of Prices to Fundamental Values
Edité par
LAP LAMBERT Academic Publishing Okt 2009, 2009
ISBN 10 : 3838321979
ISBN 13 : 9783838321974
Neuf
Taschenbuch
Vendeur : BuchWeltWeit Ludwig Meier e.K., Bergisch Gladbach, Allemagne
Évaluation du vendeur 5 sur 5 étoiles
Taschenbuch. Etat : Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -Previous study shows that value-to-price ratios (V/P) predict future stock returns. This empirical regularity is consistent with the notion that stock prices converge to fundamental values over time for mispriced securities. However, the existing evidence on price convergence is indirect and incomplete. This book examines the extent to which price convergence to fundamental value explains the success of V/P trading strategy. In addition, evidence is provided to show the effects of analyst forecast, price momentum and earnings announcement in the convergence process. An ex ante model is developed to predict what types of stocks are likely to exhibit the tendency of price convergence to fundamental value. The analysis should help shed some light on the debate on capital market efficiency, and should be useful to anyone who may be interested in equity valuation, fundamental analysis and stock trading strategies. 104 pp. Englisch. N° de réf. du vendeur 9783838321974
Quantité disponible : 2 disponible(s)
Image fournie par le vendeur
The Convergence of Prices to Fundamental Values
Edité par
LAP LAMBERT Academic Publishing Okt 2009, 2009
ISBN 10 : 3838321979
ISBN 13 : 9783838321974
Neuf
Taschenbuch
Vendeur : buchversandmimpf2000, Emtmannsberg, BAYE, Allemagne
Évaluation du vendeur 5 sur 5 étoiles
Taschenbuch. Etat : Neu. Neuware -Previous study shows that value-to-price ratios (V/P) predict future stock returns. This empirical regularity is consistent with the notion that stock prices converge to fundamental values over time for mispriced securities. However, the existing evidence on price convergence is indirect and incomplete. This book examines the extent to which price convergence to fundamental value explains the success of V/P trading strategy. In addition, evidence is provided to show the effects of analyst forecast, price momentum and earnings announcement in the convergence process. An ex ante model is developed to predict what types of stocks are likely to exhibit the tendency of price convergence to fundamental value. The analysis should help shed some light on the debate on capital market efficiency, and should be useful to anyone who may be interested in equity valuation, fundamental analysis and stock trading strategies.Books on Demand GmbH, Überseering 33, 22297 Hamburg 104 pp. Englisch. N° de réf. du vendeur 9783838321974
Quantité disponible : 2 disponible(s)