The Handbook of Equity Market Anomalies

The Handbook of Equity Market Anomalies

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作者: Len Zacks 著 , Leonard Zacks 编

出版社: Wiley

出版时间: 2011-10

版次: 1

ISBN: 9780470905906

定价: 533.90

装帧: 精装

开本: 其他

纸张: 其他

页数: 334页

正文语种: 英语

丛书: Wiley Finance

分类: 外文古旧书>英文书>经济

InvestmentpioneerLenZackspresentsthelatestacademicresearchonhowtobeatthemarketusingequityanomaliesTheHandbookofEquityMarketAnomaliesorganizesandsummarizesresearchcarriedoutbyhundredsoffinanceandaccountingprofessorsoverthelasttwentyyearstoidentifyandmeasureequitymarketinefficienciesandprovidesself-directedindividualinvestorswithaframeworkforincorporatingtheresultsofthisresearchintotheirowninvestmentprocesses.EditedbyLenZacks,CEOofZacksInvestmentResearch,andwrittenbyleadingprofessorswhohaveperformedgroundbreakingresearchonspecificanomalies,thisbooksuccinctlysummarizesthemostimportantanomaliesthatsavvyinvestorshaveusedfordecadestobeatthemarket.Someoftheanomaliesaddressedincludetheaccrualanomaly,netstockanomalies,fundamentalanomalies,estimaterevisions,changesinandlevelsofbrokerrecommendations,earnings-per-sharesurprises,insidertrading,pricemomentumandtechnicalanalysis,valueandsizeanomalies,andseveralseasonalanomalies.Thisreliableresourcealsoprovidesinsightsonhowtobestusethevariousanomaliesinbothmarketneutralandinlonginvestorportfolios.Atreasuretroveofinvestmentresearchandwisdom,thebookwillsaveyouliterallythousandsofhoursbydistillingtheessenceoftwentyyearsofacademicresearchintoelevenclearchaptersandprovidingtheframeworkandconvictiontodevelopmarket-beatingstrategies.Stripstheacademicjargonfromtheresearchandhighlightstheactualreturnsgeneratedbytheanomalies,anddocumentedintheacademicliteratureProvidesatheoreticalframeworkwithinwhichtounderstandtheconceptsofriskadjustedreturnsandmarketinefficienciesAnomaliesareselectedbyLenZacks,apioneerinthefieldofinvestingAsthefounderofZacksInvestmentResearch,LenZackspioneeredtheconceptoftheearnings-per-sharesurprisein1982anddevelopedtheZacksRank,oneofthefirstanomaly-basedstockselectiontools.Today,hisfirmmanagesU.S.equitiesforindividualandinstitutionalinvestorsandprovidesinvestmentsoftwareandinvestmentdatatoalltypesofinvestors.Now,withhisnewbook,heshowsyouwhatittakestobuildaquantprocesstooutperformanindexbasedonacademicallydocumentedmarketinefficienciesandanomalies. LeonardZackshasbeenChairmanandCEOofZacksInvestmentResearchsince1978.Priortothat,heheldseveralpositionswithA.G.Becker,aChicago-basedbrokeragefirm,includinginvestmentanalyst,assistanttothepresident,andproductdevelopmentmanager.ZackswasanassociateatMcKinsey&CompanyinNewYorkandananalystattheRandCorporationinCalifornia.HeholdsaPhDinoperationsresearchfromtheMassachusettsInstituteofTechnology.
内容简介:
InvestmentpioneerLenZackspresentsthelatestacademicresearchonhowtobeatthemarketusingequityanomaliesTheHandbookofEquityMarketAnomaliesorganizesandsummarizesresearchcarriedoutbyhundredsoffinanceandaccountingprofessorsoverthelasttwentyyearstoidentifyandmeasureequitymarketinefficienciesandprovidesself-directedindividualinvestorswithaframeworkforincorporatingtheresultsofthisresearchintotheirowninvestmentprocesses.EditedbyLenZacks,CEOofZacksInvestmentResearch,andwrittenbyleadingprofessorswhohaveperformedgroundbreakingresearchonspecificanomalies,thisbooksuccinctlysummarizesthemostimportantanomaliesthatsavvyinvestorshaveusedfordecadestobeatthemarket.Someoftheanomaliesaddressedincludetheaccrualanomaly,netstockanomalies,fundamentalanomalies,estimaterevisions,changesinandlevelsofbrokerrecommendations,earnings-per-sharesurprises,insidertrading,pricemomentumandtechnicalanalysis,valueandsizeanomalies,andseveralseasonalanomalies.Thisreliableresourcealsoprovidesinsightsonhowtobestusethevariousanomaliesinbothmarketneutralandinlonginvestorportfolios.Atreasuretroveofinvestmentresearchandwisdom,thebookwillsaveyouliterallythousandsofhoursbydistillingtheessenceoftwentyyearsofacademicresearchintoelevenclearchaptersandprovidingtheframeworkandconvictiontodevelopmarket-beatingstrategies.Stripstheacademicjargonfromtheresearchandhighlightstheactualreturnsgeneratedbytheanomalies,anddocumentedintheacademicliteratureProvidesatheoreticalframeworkwithinwhichtounderstandtheconceptsofriskadjustedreturnsandmarketinefficienciesAnomaliesareselectedbyLenZacks,apioneerinthefieldofinvestingAsthefounderofZacksInvestmentResearch,LenZackspioneeredtheconceptoftheearnings-per-sharesurprisein1982anddevelopedtheZacksRank,oneofthefirstanomaly-basedstockselectiontools.Today,hisfirmmanagesU.S.equitiesforindividualandinstitutionalinvestorsandprovidesinvestmentsoftwareandinvestmentdatatoalltypesofinvestors.Now,withhisnewbook,heshowsyouwhatittakestobuildaquantprocesstooutperformanindexbasedonacademicallydocumentedmarketinefficienciesandanomalies.
作者简介:
LeonardZackshasbeenChairmanandCEOofZacksInvestmentResearchsince1978.Priortothat,heheldseveralpositionswithA.G.Becker,aChicago-basedbrokeragefirm,includinginvestmentanalyst,assistanttothepresident,andproductdevelopmentmanager.ZackswasanassociateatMcKinsey&CompanyinNewYorkandananalystattheRandCorporationinCalifornia.HeholdsaPhDinoperationsresearchfromtheMassachusettsInstituteofTechnology.

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