Angebote zu "Overreaction" (7 Treffer)

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INVESTOR OVERREACTION: Patterns of Past Financi...
48,99 € *
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INVESTOR OVERREACTION: Patterns of Past Financial Performance Measures ab 48.99 € als Taschenbuch: How investor psychology affects asset prices. Aus dem Bereich: Bücher, Wissenschaft, Wirtschaftswissenschaft,

Anbieter: hugendubel
Stand: 19.02.2020
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INVESTOR OVERREACTION: Patterns of Past Financi...
48,99 € *
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INVESTOR OVERREACTION: Patterns of Past Financial Performance Measures ab 48.99 EURO How investor psychology affects asset prices

Anbieter: ebook.de
Stand: 19.02.2020
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INVESTOR OVERREACTION: Patterns of Past Financi...
49,00 € *
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The standard economic model is predicated on two broad assumptions: (1) market participants are rational and wealth-maximizing individuals and (2) asset prices reflect their underlying values and future return cannot be predicted from publicly available information. It follows that markets incorporate new information in asset prices in a timely fashion and without bias. However, a stream of empirical evidence over the last three decades finds that not only do firms' stock prices diverge significantly from their fundamental values, but it also shows that expected returns can be predicted from patterns of past performance measures. Despite several decades of research, the question of whether market prices reflect new information in a timely fashion and without bias remains controversial. This book, which is based on my Ph.D. dissertation at VCU, contributes to our understanding of how patterns of firms' past performance lead to investors' overreaction that is subsequently corrected over the long horizon and how investors' psychology influences the asset price formation process. This evidence is robust to known risk exposures.

Anbieter: Dodax
Stand: 19.02.2020
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Long Term Return Reversals in the Tokyo Stock E...
32,90 € *
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Utilizing Japanese data, this study provides a direct test of the hypothesis of stock market overreaction proposed by DeBondt and Thaler (1985). One of the most exciting implications associated with perceiving investor overreaction in any market is the potential to make arbitrage profits by dealing securities prior to the subsequent correction. The most important academic implication of investigations is the deeper insights that they can provide into the return generating process of securities. Since this research examines how equity returns abnormally depart from the equilibrium expected returns and to what extent they are related to the past returns over relatively long time intervals, it indirectly tests the predictability of stock returns from ex-post returns. Therefore, this study can be subsumed under the general category of efficient market studies. On the other hand, many researchers on stock market overreaction have searched for an empirical regularity that can not explain from the existing asset pricing models. Therefore, studies of this nature can also be categorized in the research on anomalous evidence. Also, this study has association with equilibrium pricing models.

Anbieter: Dodax
Stand: 19.02.2020
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A Few Good Eggs in One Basket
62,90 CHF *
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In a stock market environment dominated by professional investors, A Few Good Eggs in One Basket o¿ers a plain-talk approach to pro¿tability by selecting and managing an investment portfolio of common stocks for an individual. Author Richard L. Gunderson, who has been an investor for more than forty years, outlines an enduring framework that improves the odds for the individual investor to exceed the performance of the market over the long term by buying good companies at bargain prices. He outlines what constitutes a 'good' company and how to determine when a price meets the test of being a 'bargain.' A Few Good Eggs in One Basket also helps individual investors by discussing what to look for; where to look; when to buy; when to sell; and how many stocks to own. A Few Good Eggs in One Basket presents a prescription designed to take advantage of opportunities created by market overreaction to bad news and disappointing results. Gunderson believes there are always bargains at any time and in any market. The challenge is to consistently apply a disciplined approach to identifying the unusual and favorable opportunities and concentrating a portfolio on those stocks representing the best combination of overall quality and intrinsic value.

Anbieter: Orell Fuessli CH
Stand: 19.02.2020
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A Few Good Eggs in One Basket
34,99 € *
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In a stock market environment dominated by professional investors, A Few Good Eggs in One Basket o¿ers a plain-talk approach to pro¿tability by selecting and managing an investment portfolio of common stocks for an individual. Author Richard L. Gunderson, who has been an investor for more than forty years, outlines an enduring framework that improves the odds for the individual investor to exceed the performance of the market over the long term by buying good companies at bargain prices. He outlines what constitutes a 'good' company and how to determine when a price meets the test of being a 'bargain.' A Few Good Eggs in One Basket also helps individual investors by discussing what to look for; where to look; when to buy; when to sell; and how many stocks to own. A Few Good Eggs in One Basket presents a prescription designed to take advantage of opportunities created by market overreaction to bad news and disappointing results. Gunderson believes there are always bargains at any time and in any market. The challenge is to consistently apply a disciplined approach to identifying the unusual and favorable opportunities and concentrating a portfolio on those stocks representing the best combination of overall quality and intrinsic value.

Anbieter: Thalia AT
Stand: 19.02.2020
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