Download or read book Flexible Style Investment the Profitability of Style Rotation Strategies in Japan written by Emmanouil Koutsounakis and published by . This book was released on 2003 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Profitability of Flexible Style Investment Strategy in US Market written by Jie Meng and published by . This book was released on 2003 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Equity Style Timing written by Karim Panju and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In their search for "excess returns", investors have always considered timing strategies to be potential value-enhancement tools. While transaction costs in the past have often rendered such strategies unprofitable, we can expect the ongoing decline in these costs to be accompanied by a proliferation of timing strategies by investors. Therefore, being able to time the market accurately has significant implications for researchers and practitioners alike. In this paper, we develop a timing model based on macroeconomic and fundamental public information using Frank Russell large-cap and small-cap style indexes. Despite the fact that there exists an extensive literature on equity style timing, our study differs from other studies in that it attempts to time four different markets segments simultaneously and use a multinomial logit approach as opposed to the more common binary logit approach. The results show that the terminal wealth for the portfolio generated by our model is more than two times larger than the terminal wealth of the best performing buy-and-hold portfolio, suggesting that significant opportunities for "excess returns" can be exploited by implementing a multi-style rotation strategy that employs the investment recommendations of our model. Additional finding shows that the profitability of pursuing such strategy remains in the presence of reasonable levels of transaction costs.
Download or read book The Profitability of Style Rotation Strategies in the United Kingdom written by Mario Levis and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors investigate the profitability of size and value/growth rotation strategies in the United Kingdom over the last thirty years after adjusting for various levels of forecasting skills and transaction costs. Furthermore, the authors link the size and the value/growth style spreads with a number of business cycle variables, and assess trading rules built upon their ex ante predictions. Their findings provide strong support for small versus large, but not value versus growth style rotation strategies.
Download or read book Profitability of Style Rotation Strategies written by Simone Hollenwäger and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Diese Untersuchung überprüft die Profitabilität von Stil Rotationsstrategien in China, Hong Kong, Indien und Singapur. Der Anlagestilwechsel wird anhand der Signalwirkung von makroökonomischen Daten gewechselt. Die Rotationsstrategien werden im Bereich der Unternehmen mit geringem Börsenwert vs. mit hohem Börsenwert und im Bereich der Wertaktien vs. Wachstumsaktien geprüft. Die Resultate werden ebenfalls Robustheitstests unterzogen um eine Aussage über die Implementierbarkeit für private Investoren treffen zu können.
Download or read book Style Rotation Strategies written by Mario Levis and published by . This book was released on 2004 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Effective implementation of market timing and style rotation strategies poses challenging questions to an active fund manager. In addition to the problems associated in devising a truly viable forecasting model, style rotation has direct implications on portfolio risk constraints and transaction costs; furthermore, implementation depends on institutional constraints and the in-house investment philosophy. Using a variety of implementation rules that explicitly control for risk, we find that style rotation strategies are profitable for investors with different benchmarks and various risk constraints. More specifically, style rotation is as feasible for hedge fund managers who target absolute returns as it is for traditional fund managers who face tight risk constraints. The break-even transaction costs required before the style rotation strategies become unprofitable, are reasonable especially for fund managers who invest in medium sized companies.
Download or read book Can Japan Compete written by Michael Porter and published by Basic Books. This book was released on 2000-10-26 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Can Japan Compete?, world-renowned competition strategist Michael Porter and his colleagues explain why American assumptions about Japan have proved so inaccurate, what Japan must do to regain its strength, and what its journey can tell us about how to succeed in the new global economy.The research behind this book began in the early 1990s, at a time when Japan's economic success was overwhelmingly credited to the Japanese government and its unique management policies. Porter and his colleagues started by asking a crucial but previously overlooked question: If Japanese government policies and practices accounted for the nation's extraordinary competitiveness, then why wasn't Japan competitive in many of the industries where those policies had been prominently implemented? The authors and a team of colleagues surveyed a vast array of Japanese industries. This surprising book is the result of their work. The continuing influence of Japanese government and management strategies worldwide makes Can Japan Compete? a must read for anyone competing in the global economy.
Download or read book Alternative Investments A Primer for Investment Professionals written by Donald R. Chambers and published by CFA Institute Research Foundation. This book was released on 2018 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: Alternative Investments: A Primer for Investment Professionals provides an overview of alternative investments for institutional asset allocators and other overseers of portfolios containing both traditional and alternative assets. It is designed for those with substantial experience regarding traditional investments in stocks and bonds but limited familiarity regarding alternative assets, alternative strategies, and alternative portfolio management. The primer categorizes alternative assets into four groups: hedge funds, real assets, private equity, and structured products/derivatives. Real assets include vacant land, farmland, timber, infrastructure, intellectual property, commodities, and private real estate. For each group, the primer provides essential information about the characteristics, challenges, and purposes of these institutional-quality alternative assets in the context of a well-diversified institutional portfolio. Other topics addressed by this primer include tail risk, due diligence of the investment process and operations, measurement and management of risks and returns, setting return expectations, and portfolio construction. The primer concludes with a chapter on the case for investing in alternatives.
Download or read book The Handbook of Equity Market Anomalies written by Leonard Zacks and published by John Wiley & Sons. This book was released on 2011-08-24 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investment pioneer Len Zacks presents the latest academic research on how to beat the market using equity anomalies The Handbook of Equity Market Anomalies organizes and summarizes research carried out by hundreds of finance and accounting professors over the last twenty years to identify and measure equity market inefficiencies and provides self-directed individual investors with a framework for incorporating the results of this research into their own investment processes. Edited by Len Zacks, CEO of Zacks Investment Research, and written by leading professors who have performed groundbreaking research on specific anomalies, this book succinctly summarizes the most important anomalies that savvy investors have used for decades to beat the market. Some of the anomalies addressed include the accrual anomaly, net stock anomalies, fundamental anomalies, estimate revisions, changes in and levels of broker recommendations, earnings-per-share surprises, insider trading, price momentum and technical analysis, value and size anomalies, and several seasonal anomalies. This reliable resource also provides insights on how to best use the various anomalies in both market neutral and in long investor portfolios. A treasure trove of investment research and wisdom, the book will save you literally thousands of hours by distilling the essence of twenty years of academic research into eleven clear chapters and providing the framework and conviction to develop market-beating strategies. Strips the academic jargon from the research and highlights the actual returns generated by the anomalies, and documented in the academic literature Provides a theoretical framework within which to understand the concepts of risk adjusted returns and market inefficiencies Anomalies are selected by Len Zacks, a pioneer in the field of investing As the founder of Zacks Investment Research, Len Zacks pioneered the concept of the earnings-per-share surprise in 1982 and developed the Zacks Rank, one of the first anomaly-based stock selection tools. Today, his firm manages U.S. equities for individual and institutional investors and provides investment software and investment data to all types of investors. Now, with his new book, he shows you what it takes to build a quant process to outperform an index based on academically documented market inefficiencies and anomalies.
Download or read book Bulletin of the Atomic Scientists written by and published by . This book was released on 1969-02 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Bulletin of the Atomic Scientists is the premier public resource on scientific and technological developments that impact global security. Founded by Manhattan Project Scientists, the Bulletin's iconic "Doomsday Clock" stimulates solutions for a safer world.
Download or read book Investors Chronicle written by and published by . This book was released on 1999 with total page 1376 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Investing 101 written by Michele Cagan and published by Simon and Schuster. This book was released on 2016 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Contains material adapted from The everything investing book, 3rd edition"--Title page verso.
Download or read book Bulletin of the Atomic Scientists written by and published by . This book was released on 1970-12 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Bulletin of the Atomic Scientists is the premier public resource on scientific and technological developments that impact global security. Founded by Manhattan Project Scientists, the Bulletin's iconic "Doomsday Clock" stimulates solutions for a safer world.
Download or read book Business Periodicals Index written by and published by . This book was released on 1999 with total page 1916 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Japan written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2017-07-31 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses the stability of the financial system in Japan. Although the financial system has remained stable, the low profitability environment is creating new risks, and pressures are likely to persist. The search for yield among banks has led some to expand their overseas activities, and more generally to a growth in real estate lending and foreign securities investments. Efforts to increase risk-based lending to small-and medium-sized enterprises are welcome, but many banks still need to develop commensurate credit assessment capacities. Stress tests suggest that the banking sector remains broadly sound, although market risks are increasing, and there are some vulnerabilities among regional banks.
Download or read book Capital Investment Decision making written by Deryl Northcott and published by . This book was released on 1995 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book International Convergence of Capital Measurement and Capital Standards written by and published by Lulu.com. This book was released on 2004 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt:
