Sökning: "Risk-Adjustment Return"

Visar resultat 1 - 5 av 11 uppsatser innehållade orden Risk-Adjustment Return.

  1. 1. Skill, Scale and Investor Return in Established and Emerging Markets - An empirical study of equity mutual fund performance between markets with contrasting characteristics

    Kandidat-uppsats,

    Författare :Olle Fröling; Olle Wingstrand; [2022-06-29]
    Nyckelord :Equity Mutual Funds; Decreasing Returns to Scale; Alpha; Fund Skill; Fama-French Five-Factor Model; Nordic Equity Funds; Asian Equity Funds; Fixed Effects;

    Sammanfattning : In this report we empirically analyze the effects of returns to scale for equity mutual funds in the Nordic and Asian regions. We also investigate whether or not funds generate alpha (i.e., have skill). LÄS MER

  3. 2. To Spin Off or Not To Spin Off?

    C-uppsats, Handelshögskolan i Stockholm/Institutionen för marknadsföring och strategi; Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

    Författare :Henrik Nyberg; Johan Fohlin; [2022]
    Nyckelord :Spin-offs; Corporate Focus; Abnormal Returns; Operating Performance; Sharpe Ratio;

    Sammanfattning : This study investigates the value creation of U.S. spin-offs undertaken between 2010 and 2017 from three perspectives. Firstly, shareholder wealth creation is analyzed through tests on unadjusted abnormal announcement-day returns and unadjusted abnormal long-term returns. LÄS MER

  4. 3. Relativvärdering som investeringsstrategi inom olika branscher : En kvantitativ studie om vilka multiplar som presterar bäst i sex undersökta branscher på Stockholmsbörsen

    Magister-uppsats, Linköpings universitet/Företagsekonomi

    Författare :Jacob Haeger Christiansson; Leo Hellqvist; [2020]
    Nyckelord :Multipelvärdering; Relativvärdering; Branscher; P E; P BV; EV S; EV EBITDA; Aktiemarknadspsykologi; Bull Market;

    Sammanfattning : Abstract Background: The popularity of stocks in Sweden is high and with the prevailing low interest climate investors must invest in stocks to earn return on their investment. Achieving a higher return than the market has been a continuous struggle for professional as well as private investors. LÄS MER

  5. 4. Returns to Buying Winners and Selling Losers

    Kandidat-uppsats, Lunds universitet/Nationalekonomiska institutionen

    Författare :Tobias Thejll; [2018]
    Nyckelord :Return Continuation; Price Momentum; Stockholm Stock Exchange; CAPM; Fama and French Three-Factor Model; Business and Economics;

    Sammanfattning : The argument put forward in this paper is that stocks listed on the Stockholm Stock Exchange, from 1993 to 2016, exhibits return continuation over an intermediate-horizon. The best performing strategy, which selects stocks based on the previous six months’ returns and holds the portfolio for three subsequent months, yields an average monthly return of 2. LÄS MER

  7. 5. Stjärntydning - En undersökning av riskaversionsnivåns påverkan på Morningstar Rating och dess konsekvenser för individuella småsparare

    Kandidat-uppsats,

    Författare :Andreas Danielsson; Gustav Hertzberg; [2017-07-05]
    Nyckelord :Morningstar Rating; MRAR; risk aversion; risk-adjusted return; equity fund; retail investor;

    Sammanfattning : This paper investigates whether Morningstar Rating assesses the historical risk of mutual funds in an accurate way with respect to retail investors’ level of risk aversion, or if a higher utility could be reached if the risk aversion coefficient was variable rather than fixed at level 2. The test is conducted through an evaluation of the performance during the financial crisis 2007-2008 for the Swedish open-end funds that performed best according to Morningstar Rating during the five preceding years. LÄS MER