Empirical analysis of the relationship between the Value Line rankings and stock return anomalies
This study examines the relationship between the performance of portfolios formed according to the Value Line timeliness ranks and the firm size, the share price, and the earnings to price (E/P) ratio stock return anomalies. The primary issue examined is to determine if the same unobserved factors that are believed to be responsible for the stock return anomalies are also responsible for the abnormal returns earned by portfolios formed according to the Value Line ranks. The results from this study indicate that the performance of the Value Line portfolios cannot be attributed to the factors that are responsible for the anomalies.
|Authors:||Goff, Delbert C|
Florida State University Libraries
|Type of publication:||Other|
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