03618nam 22006615 450 991025488030332120200630210253.01-137-56335-410.1057/978-1-137-56335-4(CKB)3710000000653439(DE-He213)978-1-137-56335-4(MiAaPQ)EBC4719987(EXLCZ)99371000000065343920160429d2016 u| 0engurnn|008mamaatxtrdacontentcrdamediacrrdacarrierAssessing Relative Valuation in Equity Markets Bridging Research and Practice /by Emanuele Rossi, Gianfranco Forte1st ed. 2016.London :Palgrave Macmillan UK :Imprint: Palgrave Macmillan,2016.1 online resource (XIV, 180 p. 6 illus.) Palgrave Pivot1-137-56334-6 Includes bibliographical references at the end of each chapters and index.Chapter 1. Relative Valuation: Issues and General Framework -- Chapter 2.Literature Background -- Chapter 3.Accuracy Performance of Relative Valuation -- Chapter 4. A Portfolio Approach: Multiples' Accuracy and Stock Selection -- Conclusion.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.Palgrave pivot.Investment bankingSecuritiesFinancial engineeringCapital investmentsCorporations—FinanceRisk managementInvestments and Securitieshttps://scigraph.springernature.com/ontologies/product-market-codes/626020Financial Engineeringhttps://scigraph.springernature.com/ontologies/product-market-codes/612020Investment Appraisalhttps://scigraph.springernature.com/ontologies/product-market-codes/612030Corporate Financehttps://scigraph.springernature.com/ontologies/product-market-codes/612000Risk Managementhttps://scigraph.springernature.com/ontologies/product-market-codes/612040Investment banking.Securities.Financial engineering.Capital investments.Corporations—Finance.Risk management.Investments and Securities.Financial Engineering.Investment Appraisal.Corporate Finance.Risk Management.332.6Rossi Emanueleauthttp://id.loc.gov/vocabulary/relators/aut118014Forte Gianfrancoauthttp://id.loc.gov/vocabulary/relators/autBOOK9910254880303321Assessing Relative Valuation in Equity Markets2124920UNINA