Essays about: "Risk-Adjustment Return"

Showing result 6 - 8 of 8 essays containing the words Risk-Adjustment Return.

  1. 6. Value Investment Strategy : Robustness test and application of Piotroski’s model in 4 different markets

    University essay from Handelshögskolan vid Umeå universitet (USBE)

    Author : Patrick Jiang; Robin Moén; [2012]
    Keywords : Piotroski; Value Investment; Efficient market Hypothesis;

    Abstract : Background A common goal for many investors is to beat the market. However, only a few are able to do so consistently over a long time. The random walk theory and the efficient market hypothesis are two widely accepted theories that state that it should not be possible to consistently generate abnormal returns in an efficient market. READ MORE

  3. 7. Simple Financial Analysis and Abnormal Stock Returns - Analysis of Piotroski's Investment Strategy

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

    Author : Hauke Rathjens; Hendrik Schellhove; [2011]
    Keywords : Simple Financial Statement Analysis; Abnormal Returns; Risk Adjustment; Piotroski; Market Efficiency;

    Abstract : We investigate (1) whether Piotroski's (2000) simple financial statement analysis can successfully be applied to the UK market in a more recent time period (1991-2008) and (2) whether the observed return patterns indicate abnormal returns. Piotroski shows that his strategy increases market-adjusted returns by 7. READ MORE

  4. 8. Momentum Profits and Return Persistence on the Swedish Stock Market

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Daniel Hagwall; Johan Lundén; [2008]
    Keywords : Momentum Strategies; Return Persistence; Fama-French; Skewness;

    Abstract : Within the field of momentum effects, this paper investigates whether a zero-investment strategy, where a short position in a portfolio of previously bad performing stocks finance a long position in a portfolio of past well performing stocks, generate positive returns in the period 1987 to 2008. The primary focus is to examine whether it is possible to earn abnormal returns from such a strategy and if these returns can be explained by various types of risk measures. READ MORE