Essays about: "Accuracy of Valuation Models"

Showing result 16 - 20 of 27 essays containing the words Accuracy of Valuation Models.

  1. 16. Valuation Accuracy of the RIV Model - Is it possible to improve the valuation accuracy of the RIV model when taking both conservative measurement bias and business goodwill/badwill into account?

    University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

    Author : Alexander Norrman; Jenny Rahmn; [2016]
    Keywords : Equity valuation; Residual income; Conservative accounting; Valuation accuracy;

    Abstract : The residual income valuation model (RIV) presented by Ohlson (1995) relies on unbiased accounting. The presence of conservative accounting, however, has been well recognized within research (e.g. Mora and Walker, 2015; Barker, 2015). READ MORE

  3. 17. Intrinsic Equity Valuation : An Emprical Assessment of Model Accuracy

    University essay from Södertörns högskola/Institutionen för samhällsvetenskaper

    Author : Christopher Lehmann; Alexander Alfredsson; [2016]
    Keywords : Equity valuation; Dividend discount model DDM ; residual income valuation RIV model; Abnormal earnings AEG model; Discounted cash flow DCF model;

    Abstract : The discounted cash flow model and relative valuation models are ever-increasingly prevalent in today’s investment-heavy environment. In other words, theoretically inferior models are used in practice. READ MORE

  4. 18. Trading on Parsimonious Prediction Models: Simply Genius or Genuinely Too Simplistic? - A 'fundamental analysis'-based test of market efficiency in the U.S.

    University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

    Author : Tilman Schwarzenberg; Frederik Motzet; [2016]
    Keywords : Market efficiency testing; Market mispricing; ROE prediction; Fundamental analysis; Residual income valuation;

    Abstract : In the mature field of fundamental analysis (FA) and market efficiency tests, the study of Skogsvik & Skogsvik (2010) stands out in that it generates significant abnormal returns using a parsimonious ROE-based investment strategy in the Swedish market. To test the robustness of their results across countries and time periods, the aim of this thesis is twofold: First, it is investigated whether a simple FA-based trading strategy can generate similar excess returns on a large U. READ MORE

  5. 19. Quantifying terrain factor using GIS applications for real estate property valuation

    University essay from Lunds universitet/Institutionen för naturgeografi och ekosystemvetenskap

    Author : Dahlia Mudzaffar Ali; [2016]
    Keywords : digital elevation model DEM ; GIS; geography; physical geography; property valuation; Earth and Environmental Sciences;

    Abstract : This thesis studies the use of GIS applications to derive adjustment figures for the terrain factor in property valuation tasks. It aims at suggesting a quantitative approach alternative to evaluate the terrain factor as opposed to traditional methods and current industry practices where terrain is qualitatively judged based on visual observation at site and subjected to individual opinion. READ MORE

  6. 20. Do Analysts' Exclusions Lead to Better Forecasts?: An Analysis of the Effects of Street Earnings Exclusions on Target Price Forecast Accuracy

    University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

    Author : Magnus Bäckström; Dana Ayers; [2015]
    Keywords : Non-GAAP earnings; Street earnings; Exclusions; Target prices; Forecast accuracy;

    Abstract : Sell-side analysts regularly make earnings forecasts, stock recommendations, and target price forecasts in their research reports. As part of their earnings forecasts, analysts commonly make "exclusions", which is the process of excluding expense and income items that they believe will not reoccur in future periods. READ MORE