Essays about: "Self-Financing"

Showing result 1 - 5 of 10 essays containing the word Self-Financing.

  1. 1. Accounting for the Measurement Bias: A Study of Market Efficiency in the United States and the Relevance of Extensive Fundamental Analysis in Equity Valuation

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

    Author : Erik Bergmark; Hugo Freudenthal; [2023]
    Keywords : Accounting valuation bias; Fundamental analysis; Horizon Value; Market mispricing; Residual income valuation;

    Abstract : This thesis investigates abnormal returns over the period 1983-2021 from an investment strategy that is based on public accounting information. Investment positions are taken in US manufacturing firms and are held for 36 months using a self-financing (hedged) portfolio. READ MORE

  3. 2. Beetle Diversity – Land Sparing or Land Sharing? : the effects of timber extraction and restoration method on saproxylic beetle assemblages in mature managed pine forests

    University essay from SLU/Dept. of Forest Ecology and Management

    Author : Ella Amnéus; Sebastian Hjelström; [2023]
    Keywords : Saproxylic Beetles; Ecological Restoration; Deadwood; Biodiversity; Boreal Forest; Fire Ecology; Land-sparing; Land-sharing; Conservation Management;

    Abstract : The impoverishment of saproxylic beetle communities is a growing concern for management of boreal forest biodiversity. Past research has found active restoration methods, such as creating deadwood and conducting prescribed burnings, to have a short-term positive effect on the species richness and compositional diversity of saproxylic beetle assemblages. READ MORE

  4. 3. Does the sinner beat the saint? An empirical study of the Nordic stock market

    University essay from Göteborgs universitet/Graduate School

    Author : Jonathan Winberg; [2019-11-27]
    Keywords : Sin Stocks; Sin Stock Anomaly; Nordic Stock Market; Fama-French Three-Factor Model; CAPM; Asset Pricing Models; Portfolio Asset Management; OLS; Gambling; Tobacco; Alcohol; Weapons; Oil Gas; Self-Financing; Portfolio Strategy;

    Abstract : Abstract This research paper studies the interaction between monthly returns of sin stock portfolios, where the purpose is to get an understanding of what impact an exclusion of sin stocks can have on portfolio returns for Nordic stock investors. OLS (ordinary least squares) time-series regression models are used to execute this research, using data between 1990-2018. READ MORE

  5. 4. Evaluating the potential profitability of alpha trading

    University essay from Uppsala universitet/Nationalekonomiska institutionen

    Author : Ellinor Gyldberg; [2019]
    Keywords : ;

    Abstract : The purpose of this thesis is to test whether an active trading strategy using historical alpha values (a measure of risk-adjusted excess returns) for stocks can be used to achieve positive risk-adjusted profits. To do so, data on stocks in the Dow Jones Industrial Average and the Standard & Poor’s 500 Index from 1997 to 2018 are used to estimate the market model, using GARCH and TGARCH. READ MORE

  6. 5. Application of the Kelly Criterion on a Self-Financing Trading Portfolio -An empirical study on the Swedish stock market from 2005-2015

    University essay from

    Author : Oskar Markusson; Emil Ohlsson; [2017-07-05]
    Keywords : Kelly Strategy; Portfolio Money Management; Abnormal Returns; Swedish Equities; Geometric Mean Maximization; Kelly Criterio;

    Abstract : A Kelly strategy theoretically optimizes the growth rate of investor’s capital. This paper evaluates its usefulness on the Swedish stock market between 2005 and 2015 by comparing returns to that of common portfolio strategies and a market index. READ MORE