,

Assessing Relative Valuation in Equity Markets

Bridging Research and Practice

Gebonden Engels 2016 9781137563347
Verwachte levertijd ongeveer 9 werkdagen

Samenvatting

This
book addresses the gap between the widespread use of stock market multiples in
valuation practice and the frontiers of research on multiples. The book's approach
is twofold: the authors first analyse the performance of multiples metrics in
predicting the market price of a set of liquid and highly traded US stocks. The
authors then employ these results to test profitable stock purchasing
strategies employed in order to 'beat the market'. The results presented widen
our understanding of the “market performances” of the valuation tools practitioners
utilise in their everyday work. The evidence is of interest to researchers
 and equity analysts, who wish to analyse the circumstances in which
valuation errors using multiples are more frequent and when market multiples
become ineffective in estimating market prices.

Specificaties

ISBN13:9781137563347
Taal:Engels
Bindwijze:gebonden
Uitgever:Palgrave Macmillan UK

Lezersrecensies

Wees de eerste die een lezersrecensie schrijft!

Inhoudsopgave

Chapter 1. Relative Valuation: Issues and General Framework.- Chapter 2.Literature Background.- Chapter 3.Accuracy Performance of Relative Valuation.- Chapter 4. A Portfolio Approach: Multiples' Accuracy and Stock Selection.- Conclusion.

Managementboek Top 100

Rubrieken

    Personen

      Trefwoorden

        Assessing Relative Valuation in Equity Markets