Essays about: "Earnings momentum"

Showing result 1 - 5 of 8 essays containing the words Earnings momentum.

  1. 1. Exploring Momentum: The Hidden Drivers of Stock Returns in the Nordic Market

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Axel Dillner; Johanna Roos; [2023]
    Keywords : Momentum; Price Momentum; Earnings Momentum; Earnings Surprises; Standardized Earnings Surprise; SES;

    Abstract : This thesis investigates the relationship between price momentum, earnings momentum, and stock returns in the Nordic region by examining the risk-adjusted performance measures of various momentum strategy portfolios. Inspired by Novy-Marx's 2015 theory that momentum in firm fundamentals explains the performance of price momentum strategies, this study seeks to provide deeper insights into momentum drivers and their implications for investment professionals. READ MORE

  3. 2. Momentum in ESG Indexes : A study on the passive capital flows effect on ESG stock prices

    University essay from Umeå universitet/Företagsekonomi

    Author : Levin Heger; Lisa Åkerman; [2021]
    Keywords : ESG; Momentum; Passive Investments; Index investments; ETFs; Sustainable Finance; Price-to-earnings; Overvaluation; Herd Investing;

    Abstract : The aim with this thesis is to investigate whether increased capital flows to ESG screened indexes create higher price-to-earnings (P/E) ratios and momentum in the included stocks during the chosen time period of three years, from 2018 to 2020. The thesis will evaluate the capital flows to ESG indexes and compare both performance and P/E ratios between those and their corresponding Mother indexes. READ MORE

  4. 3. Factor Investing on the Swedish Stock Market : A Quantitative Study of a Model Based on Quality and Value

    University essay from Umeå universitet/Företagsekonomi

    Author : Teodor Adolfsson; Henrik Domellöf; [2018]
    Keywords : Factor Investing; Quality Factor; Value Factor; ROE; Earnings Yield; Efficient Market Hypothesis; Capital Asset Pricing Model; Swedish Stock Market;

    Abstract : Investors and fund managers have, since the start of financial markets, always been on the lookout for new ways of beating the market. However, researchers of the Efficient Market Hypothesis have shown that markets are usually highly efficient, implying that there are few possibilities of earning returns that are higher than the market returns, on a risk adjusted basis. READ MORE

  5. 4. Swedish Post Earnings Announcement Drift: Implications of Past Earnings on Market Anticipation

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Jan Ackermand; Filip Berglönn; [2016]
    Keywords : Post Earnings Announcement Drift; Market Anticipation; Market Efficiency; Momentum;

    Abstract : This thesis investigates how the Swedish market realizes the full implications of past earnings for future earnings. This builds on previous studies on Post Earnings Announcement drift and sets out to expand on previous findings on the Swedish market. READ MORE

  6. 5. The Power of Long-Term Profitability and Compounding Effects: Empirical Evidence from the US American Market

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Felipe Gómez de Larrain; Joachim Bersztel; [2016]
    Keywords : investment strategy; long-term horizon; return predictability; compounding effects;

    Abstract : For the US American market, we examine whether a ten-year non-rebalancing investment strategy that picks stocks largely based on historical return on equity and the degree to which a company reinvests earnings can beat the market. Delisted companies are sold and the proceeds reinvested along dividends at the market return, which we approximate by the Russell 3000 TR index. READ MORE