图书简介
This book introduces the readers to the rapidly growing literature and latest results on financial, fundamental and seasonal anomalies, stock selection modeling and portfolio management. Fifty years ago, finance professors taught the Efficient Markets Hypothesis which states that the average investor could not outperform the stock market based on technical, seasonal and fundamental data. Many, if not most faculty and investors, no longer share that opinion. In this book, the authors report original empirical evidence that applied investment research can produce statistically significant stock selection and excess portfolio returns in the US, and larger excess returns in international and emerging markets.
Key Feature:
o Prominent authors; Harry Markowitz, W T Ziemba, Tim Leung, Blair Hill
About the Editors; About the Contributors; Acknowledgments; Introduction; Fundamental Anomalies and Stock Selection Modeling: The Five Investor Camps that Try to Beat the Stock Market (William T Ziemba); A Comparison of Some Aspects of the US and Japanese Equity Markets (M Bloch, J Guerard, H Markowitz, P Todd, and G Xu); Covariance Complexity and Rates of Return on Assets (Leonard C MacLean, Michel E Foster, and William T Ziemba); The Role of Effective Corporate Decisions in the Creation of Efficient Portfolios (J B Guerard, Jr., H Markowitz, and G Xu); Earnings Forecasting in a Global Stock Selection Model and Efficient Portfolio Construction and Management (John B Guerard, Jr., Harry M. Markowitz, and GanLin Xu); Truly Active Management Requires a Commitment to Excellence: Portfolio Construction and Management with FactSet (Bijan Beheshti, John B Guerard, and Chris Mercs); The Hillcrest Management Sentiment Indicator (Brian Bruce and Douglas Stark); Financial Anomalies and Calendar Effects: Seasonality Effects in Japanese Futures Markets (William T Ziemba); Sell-in-May-and-Go-Away in the US Equity Index Futures Markets, 1993–2019 (Constantine Dzhabarov and William T Ziemba); Japanese Security Market Regularities: Monthly, Turn-of-the-Month and Year, Holiday, and Golden Week Effects (W T Ziemba); World Wide Security Market Regularities (William T Ziemba); Sell-in-May-and-Go-Away: The International Evidence (Constantine Dzhabarov, Alexandre Ziegler and William T Ziemba); Seasonal Effects, Trends and Pre-Announcement Drifts: Turning Anomalies into Investment Strategies(Blair Hull, Petra Bakosova, and Alexander Kment); Stock Market Crashes in 2006–2009: Were We Able to Predict Them? (Sebastien Lleo and William T Ziemba); Efficient Portfolio Construction: Efficient Global Portfolios: Big Data and Investment Universes (J B Guerard, Jr., S T Rachev, and B P Shao); Avoiding the Downside: A Practical Review of the Critical Line Algorithm for Mean-Semivariance Portfolio Optimization (Harry M Markowitz, David Starer, Harvey Fram and Sander Gerber); Alternative Measures of Mutual Fund Performance: Ranking DFA, Fidelity, and Vanguard (Chong Li, Edward Tower, and Rhona Zhang); Asset Allocation and Non-Stock Investment Research: Wealth Management Next Frontiers — The Inevitable Need to Meet Behavioral and Quantitative Approaches (Boryana Racheva-Iotova); Foreign Exchange Rate Predictability: Seek and Ye Shall Find It (Foteini Kyriazi and Dimitrios D Thomakos); Tracking VIX with VIX Futures: Portfolio Construction and Performance (Tim Leung and Brian Ward); Long-Memory Processes in High-Frequency Foreign Exchange and US Equity Market (Barret Pengyuan Shao); Arbitrage and Risk Arbitrage in the Nikkei Put Warrant Market (William T Ziemba); A Stopping Rule Model for Exiting Bubble-like Markets with Applications (William T Ziemba, S Lleo, and M Zhitlukhin); Econometric Tools for Stress Testing Using Time Heterogeneity and Maximum Entropy (H D Vinod); Causality Studies of Real GDP, Unemployment, and Leading Indicators (H D Vinod and John B Guerard, Jr.,); Investing on the \"Far Side of the Moon\": Capturing Capital Market Inclusion Opportunity across MEASA (Middle East–Africa–South Asia) (Robert A Gillam and Russell Read); Index;
Trade Policy 买家须知
- 关于产品：
- ● 正版保障：本网站隶属于中国国际图书贸易集团公司，确保所有图书都是100%正版。
- ● 环保纸张：进口图书大多使用的都是环保轻型张，颜色偏黄，重量比较轻。
- ● 毛边版：即书翻页的地方，故意做成了参差不齐的样子，一般为精装版，更具收藏价值。
关于退换货：- 由于预订产品的特殊性，采购订单正式发订后，买方不得无故取消全部或部分产品的订购。
- 由于进口图书的特殊性，发生以下情况的，请直接拒收货物，由快递返回：
- ● 外包装破损/发错货/少发货/图书外观破损/图书配件不全（例如：光盘等）
并请在工作日通过电话400-008-1110联系我们。
- 签收后，如发生以下情况，请在签收后的5个工作日内联系客服办理退换货：
- ● 缺页/错页/错印/脱线
关于发货时间：- 一般情况下：
- ●【现货】 下单后48小时内由北京（库房）发出快递。
- ●【预订】【预售】下单后国外发货，到货时间预计5-8周左右，店铺默认中通快递，如需顺丰快递邮费到付。
- ● 需要开具发票的客户，发货时间可能在上述基础上再延后1-2个工作日（紧急发票需求，请联系010-68433105/3213）；
- ● 如遇其他特殊原因，对发货时间有影响的，我们会第一时间在网站公告，敬请留意。
关于到货时间：- 由于进口图书入境入库后，都是委托第三方快递发货，所以我们只能保证在规定时间内发出，但无法为您保证确切的到货时间。
- ● 主要城市一般2-4天
- ● 偏远地区一般4-7天
关于接听咨询电话的时间：- 010-68433105/3213正常接听咨询电话的时间为：周一至周五上午8：30～下午5：00，周六、日及法定节假日休息，将无法接听来电，敬请谅解。
- 其它时间您也可以通过邮件联系我们：customer@readgo.cn,工作日会优先处理。
关于快递：- ● 已付款订单：主要由中通、宅急送负责派送，订单进度查询请拨打010-68433105/3213。
本书暂无推荐
本书暂无推荐
