1.

Record Nr.

UNINA9910828006003321

Titolo

Forecasting expected returns in the financial markets / / edited by Stephen Satchell

Pubbl/distr/stampa

Amsterdam ; ; Boston, : Academic Press, 2007

ISBN

1-281-05765-7

9786611057657

0-08-055067-3

Edizione

[1st ed.]

Descrizione fisica

1 online resource (286 p.)

Collana

Quantitative finance series

Altri autori (Persone)

SatchellS (Stephen)

Disciplina

332.63/2042

Soggetti

Stock price forecasting - Mathematics

Securities - Prices - Mathematical models

Investment analysis - Mathematics

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Bibliographic Level Mode of Issuance: Monograph

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Market efficiency and forecasting -- A step-by-step guide to the Black-Litterman model -- A demystification of the Black-Litterman model : managing quantitative and traditional portfolio construction -- Optimal portfolios from ordering information -- Some choices in forecast construction -- Bayesian analysis of the Black-Scholes option price -- Bayesian forecasting of options prices: a natural framework for pooling historical and implied volatility information -- Robust optimization for utilizing forecasted returns in institutional investment -- Cross-sectional stock returns in the UK market : the role of liquidity risk -- The information horizon- optimal holding period, strategy aggression and model combination in a multi-horizon framework -- Optimal forecasting horizon for skilled investors -- Investments as bets in the binomial asset pricing model -- The hidden binomial economy and the role of forecasts in determining prices.

Sommario/riassunto

Forecasting returns is as important as forecasting volatility in multiple areas of finance. This topic, essential to practitioners, is also studied by academics. In this new book, Dr Stephen Satchell brings together a collection of leading thinkers and practitioners from around the world who address this complex problem using the latest quantitative



techniques. *Forecasting expected returns is an essential aspect of finance and highly technical *The first collection of papers to present new and developing techniques *International authors present both academic and practitioner perspectives