Assessing relative valuation in equity markets : bridging research and practice /

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Bibliographic Details
Author / Creator:Rossi, Emanuele Filiberto, author.
Imprint:London : Palgrave Macmillan, [2016]
Description:1 online resource (xiv, 180 pages)
Language:English
Series:Palgrave pivot
Palgrave pivot.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/11255545
Hidden Bibliographic Details
Other authors / contributors:Forte, Gianfranco, author.
ISBN:9781137563354
1137563354
9781137563347
1137563346
Digital file characteristics:text file PDF
Notes:Includes bibliographical references and index.
Online resource; title from PDF title page (EBSCO, viewed May 16, 2016).
Summary:This book addresses the gap between the widespread use of stock market multiples in valuation practice and the frontiers of research on multiples. The book's approach is twofold: the authors first analyse the performance of multiples metrics in predicting the market price of a set of liquid and highly traded US stocks. The authors then employ these results to test profitable stock purchasing strategies employed in order to 'beat the market'. The results presented widen our understanding of the "market performances" of the valuation tools practitioners utilise in their everyday work. The evidence is of interest to researchers and equity analysts, who wish to analyse the circumstances in which valuation errors using multiples are more frequent and when market multiples become ineffective in estimating market prices.
Other form:Print version: Rossi, Emanuele Filiberto. Assessing relative valuation in equity markets. London : Palgrave Macmillan, [2016] 1137563346 9781137563347
Standard no.:10.1057/978-1-137-56335-4