High-Minus-Low(HML)检验方法是一种投资策略,它基于价值投资理念,通过对高账面市值比(High Book-to-Market Ratio)和低账面市值比(Low Book-to-Market Ratio)的股票组合进行投资,以获取超额收益。 具体来说,HML检验方法将股票按照账面市值比(Book-to-Market Ratio,即公司的账面价值与市场价值之比)进行排序,并构建...
This paper tries to explore the Momentum Effect of High and Low Book-to-Market ratio firms with specific reference to Indian IT, Pharmacy and Banking Stocks. Previous Literature has documented that all High Book-to-Market ratio firms are financially distressed. It is also been proved that high...
aSpecifically, high leverage REITs are those that raised funds through debt when their market valuations were high, as measured by the market-to-book ratio. 具体地,高杠杆作用REITs是通过债务培养资金的那些,当他们的市场估价高,如由市场对书比率测量。[translate]...
Furthermore, our logit analysis shows that both dividend-paying and non-paying firms with better investment opportunities (higher market-to book ratios) and lower leverage (higher total equity ratios) are more likely to be high-cash outliers. With respect to high-cash levels, we report an ...
Facebook Twitter Google Share on Facebook hypertension (redirected fromHigh BP) Thesaurus Medical Encyclopedia hy·per·ten·sion (hī′pər-tĕn′shən) n. 1. a.Abnormally elevated arterial blood pressure. b.Arterial disease marked by chronic high blood pressure. ...
China's National Tourism Day falls on May 19 every year starting the year of 2011. The date was chosen to commemorate the day when China's ancient travel book writer Xu Xiake (1587-1641) began writing his masterpiece "Travel Notes of Xu Xiake". Special friendship cuts across species China...
aThe high ratio of performance to price, the market demand for large, small investment. Quick 表现高比与价格,对大,小投资的市场需求。 快[translate]
at, or to, a great distance from ground-level, sea-level etc. The plane was flying high in the sky; He'll rise high in his profession.altoˈhighly adverb 1. very; very much. highly delighted; highly paid; I value the book highly.muy; enormemente ...
The price-to-book value (PBV) ratio for a high-growth firm will: A. increase as the growth rate in either the high-growth or stable-growth period decreases. B. increase as the growth rate in the high-growth period increases and decrease as the growth rate in the stable-growth period ...
High Minus Low (HML) is a value premium; it represents the spread in returns between companies with a high book-to-market value ratio and companies with a low book-to-market value ratio. Once the HML factor has been determined, its beta coefficient can be found by linear regression. The ...