Verwandte Artikel zu An Analysis of "Quality Minus Junk" Strategies....
Inhaltsangabe
Bachelor Thesis from the year 2015 in the subject Business economics - General, grade: 1,3, University of Mannheim, language: English, abstract: This term paper deals with the strategy called "quality-minus-junk" (QMJ). The reader will see that both abnormal returns, characterized as alpha, and excess returns, characterized as returns above the risk-free rate, are consistently high for any of the three major asset-pricing models. This particular thesis is going to go through the main findings and observations that Asness, Frazzini and Pedersen have made in their research on the QMJ factor and is also going to extend on some further examination of QMJ. The upcoming chapter briefly discusses the reason behind using the Gordon Growth Model as the basis of the quality score and the four main quality measures which were used in the design of the QMJ strategy. Chapters 3, 4 and 5 retest the findings by using three years of additional data and its most recent updates in May 2015. In Chapter 3 are tests which were performed for different levels of quality. Chapter 4 will focus on the role of the QMJ factor in pricing other risk factors and Chapter 5 analyzes QMJ for different economic environments. Therefore new aspects will be added to the analysis. In Chapter 6 the readers will see how the QMJ strategy has performed during different levels of the sentiment index and the last Chapter deals with the Q-factor model to see how well it explains the QMJ factor performance. There are three main questions that are pursued and dealt with in this thesis. 1. What has changed in terms of the main findings for the QMJ strategy with the new and updated data? 2. The price of quality and the premium paid for higher quality constantly changes, especially for different market cycles and environments. It would therefore be interesting to see what one of the most popular measures of market sentiment, the sentiment-index by Baker and Wurgler, can tell us about the QMJ factor and vice vers
Die Inhaltsangabe kann sich auf eine andere Ausgabe dieses Titels beziehen.
Reseña del editor
Bachelor Thesis from the year 2015 in the subject Business economics - General, grade: 1,3, University of Mannheim, language: English, abstract: This term paper deals with the strategy called "quality-minus-junk" (QMJ). The reader will see that both abnormal returns, characterized as alpha, and excess returns, characterized as returns above the risk-free rate, are consistently high for any of the three major asset-pricing models. This particular thesis is going to go through the main findings and observations that Asness, Frazzini and Pedersen have made in their research on the QMJ factor and is also going to extend on some further examination of QMJ. The upcoming chapter briefly discusses the reason behind using the Gordon Growth Model as the basis of the quality score and the four main quality measures which were used in the design of the QMJ strategy. Chapters 3, 4 and 5 retest the findings by using three years of additional data and its most recent updates in May 2015. In Chapter 3 are tests which were performed for different levels of quality. Chapter 4 will focus on the role of the QMJ factor in pricing other risk factors and Chapter 5 analyzes QMJ for different economic environments. Therefore new aspects will be added to the analysis. In Chapter 6 the readers will see how the QMJ strategy has performed during different levels of the sentiment index and the last Chapter deals with the Q-factor model to see how well it explains the QMJ factor performance. There are three main questions that are pursued and dealt with in this thesis. 1. What has changed in terms of the main findings for the QMJ strategy with the new and updated data? 2. The price of quality and the premium paid for higher quality constantly changes, especially for different market cycles and environments. It would therefore be interesting to see what one of the most popular measures of market sentiment, the sentiment-index by Baker and Wurgler, can tell us about the QMJ factor and vice vers
„Über diesen Titel“ kann sich auf eine andere Ausgabe dieses Titels beziehen.
Neu kaufen
Diesen Artikel anzeigen
EUR 31,55
EUR 7,65 für den Versand innerhalb von/der USA
Versandziele, Kosten & DauerSuchergebnisse für An Analysis of "Quality Minus Junk" Strategies....
Beispielbild für diese ISBN
An Analysis of "Quality Minus Junk" Strategies. The Asset Pricing Factor
Anbieter: Best Price, Torrance, CA, USA
Verkäuferbewertung 5 von 5 Sternen
Zustand: New. SUPER FAST SHIPPING. Bestandsnummer des Verkäufers 9783668501423
Anzahl: 2 verfügbar
Foto des Verkäufers
Analysis of "Quality Minus Junk" Strategies. the Asset Pricing Factor
Anbieter: GreatBookPrices, Columbia, MD, USA
Verkäuferbewertung 5 von 5 Sternen
Zustand: New. Bestandsnummer des Verkäufers 29985651-n
Anzahl: Mehr als 20 verfügbar
Beispielbild für diese ISBN
An Analysis of "Quality Minus Junk" Strategies. The Asset Pricing Factor
Anbieter: California Books, Miami, FL, USA
Verkäuferbewertung 5 von 5 Sternen
Zustand: New. Bestandsnummer des Verkäufers I-9783668501423
Anzahl: Mehr als 20 verfügbar
Foto des Verkäufers
Analysis of "Quality Minus Junk" Strategies. the Asset Pricing Factor
Anbieter: GreatBookPrices, Columbia, MD, USA
Verkäuferbewertung 5 von 5 Sternen
Zustand: As New. Unread book in perfect condition. Bestandsnummer des Verkäufers 29985651
Anzahl: Mehr als 20 verfügbar
Foto des Verkäufers
An Analysis of ¿Quality Minus Junk¿ Strategies. The Asset Pricing Factor
Print-on-DemandAnbieter: BuchWeltWeit Ludwig Meier e.K., Bergisch Gladbach, Deutschland
Verkäuferbewertung 5 von 5 Sternen
Taschenbuch. Zustand: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -Bachelor Thesis from the year 2015 in the subject Business economics - General, grade: 1,3, University of Mannheim, language: English, abstract: This term paper deals with the strategy called 'quality-minus-junk' (QMJ). The reader will see that both abnormal returns, characterized as alpha, and excess returns, characterized as returns above the risk-free rate, are consistently high for any of the three major asset-pricing models.This particular thesis is going to go through the main findings and observations that Asness, Frazzini and Pedersen have made in their research on the QMJ factor and is also going to extend on some further examination of QMJ. The upcoming chapter briefly discusses the reason behind using the Gordon Growth Model as the basis of the quality score and the four main quality measures which were used in the design of the QMJ strategy. Chapters 3, 4 and 5 retest the findings by using three years of additional data and its most recent updates in May 2015. In Chapter 3 are tests which were performed for different levels of quality. Chapter 4 will focus on the role of the QMJ factor in pricing other risk factors and Chapter 5 analyzes QMJ for different economic environments. Therefore new aspects will be added to the analysis. In Chapter 6 the readers will see how the QMJ strategy has performed during different levels of the sentiment index and the last Chapter deals with the Q-factor model to see how well it explains the QMJ factor performance.There are three main questions that are pursued and dealt with in this thesis. 1. What has changed in terms of the main findings for the QMJ strategy with the new and updated data 2. The price of quality and the premium paid for higher quality constantly changes, especially for different market cycles and environments. It would therefore be interesting to see what one of the most popular measures of market sentiment, the sentiment-index by Baker and Wurgler, can tell us about the QMJ factor and vice versa. And the last question: Is there any potential relation between the two 40 pp. Englisch. Bestandsnummer des Verkäufers 9783668501423
Anzahl: 2 verfügbar
Foto des Verkäufers
An Analysis of Quality Minus Junk Strategies. The Asset Pricing Factor (Paperback or Softback)
Verlag:
Grin Verlag 8/21/2017, 2017
ISBN 10: 3668501424
ISBN 13: 9783668501423
Neu
Paperback or Softback
Anbieter: BargainBookStores, Grand Rapids, MI, USA
Verkäuferbewertung 5 von 5 Sternen
Paperback or Softback. Zustand: New. An Analysis of Quality Minus Junk Strategies. The Asset Pricing Factor 0.14. Book. Bestandsnummer des Verkäufers BBS-9783668501423
Anzahl: 5 verfügbar
Foto des Verkäufers
Analysis of "Quality Minus Junk" Strategies. the Asset Pricing Factor
Anbieter: GreatBookPricesUK, Woodford Green, Vereinigtes Königreich
Verkäuferbewertung 5 von 5 Sternen
Zustand: As New. Unread book in perfect condition. Bestandsnummer des Verkäufers 29985651
Anzahl: Mehr als 20 verfügbar
Foto des Verkäufers
Analysis of "Quality Minus Junk" Strategies. the Asset Pricing Factor
Anbieter: GreatBookPricesUK, Woodford Green, Vereinigtes Königreich
Verkäuferbewertung 5 von 5 Sternen
Zustand: New. Bestandsnummer des Verkäufers 29985651-n
Anzahl: Mehr als 20 verfügbar
Foto des Verkäufers
"An Analysis of \"Quality Minus Junk\" Strategies. The Asset Pricing Factor"
Verlag:
GRIN Verlag, GRIN Verlag Aug 2017, 2017
ISBN 10: 3668501424
ISBN 13: 9783668501423
Neu
Taschenbuch
Anbieter: buchversandmimpf2000, Emtmannsberg, BAYE, Deutschland
Verkäuferbewertung 5 von 5 Sternen
Taschenbuch. Zustand: Neu. Neuware -Bachelor Thesis from the year 2015 in the subject Business economics - General, grade: 1,3, University of Mannheim, language: English, abstract: This term paper deals with the strategy called ¿quality-minus-junk¿ (QMJ). The reader will see that both abnormal returns, characterized as alpha, and excess returns, characterized as returns above the risk-free rate, are consistently high for any of the three major asset-pricing models.This particular thesis is going to go through the main findings and observations that Asness, Frazzini and Pedersen have made in their research on the QMJ factor and is also going to extend on some further examination of QMJ. The upcoming chapter briefly discusses the reason behind using the Gordon Growth Model as the basis of the quality score and the four main quality measures which were used in the design of the QMJ strategy. Chapters 3, 4 and 5 retest the findings by using three years of additional data and its most recent updates in May 2015. In Chapter 3 are tests which were performed for different levels of quality. Chapter 4 will focus on the role of the QMJ factor in pricing other risk factors and Chapter 5 analyzes QMJ for different economic environments. Therefore new aspects will be added to the analysis. In Chapter 6 the readers will see how the QMJ strategy has performed during different levels of the sentiment index and the last Chapter deals with the Q-factor model to see how well it explains the QMJ factor performance.There are three main questions that are pursued and dealt with in this thesis. 1. What has changed in terms of the main findings for the QMJ strategy with the new and updated data 2. The price of quality and the premium paid for higher quality constantly changes, especially for different market cycles and environments. It would therefore be interesting to see what one of the most popular measures of market sentiment, the sentiment-index by Baker and Wurgler, can tell us about the QMJ factor and vice versa. And the last question: Is there any potential relation between the two Books on Demand GmbH, Überseering 33, 22297 Hamburg 40 pp. Englisch. Bestandsnummer des Verkäufers 9783668501423
Anzahl: 2 verfügbar
Foto des Verkäufers
An Analysis of ¿Quality Minus Junk¿ Strategies. The Asset Pricing Factor
Anbieter: AHA-BUCH GmbH, Einbeck, Deutschland
Verkäuferbewertung 5 von 5 Sternen
Taschenbuch. Zustand: Neu. Druck auf Anfrage Neuware - Printed after ordering - Bachelor Thesis from the year 2015 in the subject Business economics - General, grade: 1,3, University of Mannheim, language: English, abstract: This term paper deals with the strategy called 'quality-minus-junk' (QMJ). The reader will see that both abnormal returns, characterized as alpha, and excess returns, characterized as returns above the risk-free rate, are consistently high for any of the three major asset-pricing models.This particular thesis is going to go through the main findings and observations that Asness, Frazzini and Pedersen have made in their research on the QMJ factor and is also going to extend on some further examination of QMJ. The upcoming chapter briefly discusses the reason behind using the Gordon Growth Model as the basis of the quality score and the four main quality measures which were used in the design of the QMJ strategy. Chapters 3, 4 and 5 retest the findings by using three years of additional data and its most recent updates in May 2015. In Chapter 3 are tests which were performed for different levels of quality. Chapter 4 will focus on the role of the QMJ factor in pricing other risk factors and Chapter 5 analyzes QMJ for different economic environments. Therefore new aspects will be added to the analysis. In Chapter 6 the readers will see how the QMJ strategy has performed during different levels of the sentiment index and the last Chapter deals with the Q-factor model to see how well it explains the QMJ factor performance.There are three main questions that are pursued and dealt with in this thesis. 1. What has changed in terms of the main findings for the QMJ strategy with the new and updated data 2. The price of quality and the premium paid for higher quality constantly changes, especially for different market cycles and environments. It would therefore be interesting to see what one of the most popular measures of market sentiment, the sentiment-index by Baker and Wurgler, can tell us about the QMJ factor and vice versa. And the last question: Is there any potential relation between the two. Bestandsnummer des Verkäufers 9783668501423
Anzahl: 1 verfügbar