Авиация / Cosmic Pinwheels: Spiral Galaxies And The Universe

Название: Cosmic Pinwheels: Spiral Galaxies And The Universe
Автор: Ronald James Buta
Издательство: World Scientific Publishing Co. Pte. Ltd.
Год: 2021
Страниц: 486
Язык: English
Формат: True PDF
Размер: 32 MB

This book introduces the readers to the rapidly growing literature and latest results on financial, fundamental and seasonal anomalies, stock selection modeling and portfolio management. Fifty years ago, finance professors taught the Efficient Markets Hypothesis which states that the average investor could not outperform the stock market based on technical, seasonal and fundamental data. Many, if not most faculty and investors, no longer share that opinion. In this book, the authors report original empirical evidence that applied investment research can produce statistically significant stock selection and excess portfolio returns in the US, and larger excess returns in international and emerging markets.