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...
Previous Literature has documented that all High Book-to-Market ratio firms are financially distressed. It is also been proved that high Book-to-Market stocks are those with poor historical performance and have not received enough attention from the investors. In contrast to this, all Low Book-...
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... Madhu Tyagi,B Tirupathi 被引量: 0发表: 2013年 加...
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 ...
a霸道 霸道 [translate] afind that the initial market reaction is lower for value stocks (proxied by book-to-market ratio) and insignificant for firms with low leverage, inconsistent with both the valuation and leverage hypotheses. 正在翻译,请等待... [translate] ...
a low estimate of a new book. containing a relatively small amount: a diet low in starches. nearing depletion; not adequately supplied: low on funds; Our stock of towels is low. depressed or dejected: low spirits. Synonyms:sad,unhappy,dispirited ...
Share on Facebook triage (redirected fromLow Priority) Thesaurus Medical Acronyms Encyclopedia triage sorting according to quality; the assignment of degrees of urgency to decide the order of treatment of injuries, illnesses, etc. Not to be confused with: ...
There is no evidence to indicate that these investments are financed through equity issues. Finally, this strategy appears value enhancing, as indicated by an increasing market to book ratio. Numerous robustness checks are performed in several directions and corroborate the results. In particular, ...
Provides information on the book-to-bill ratio released by Semiconductor Equipment and Materials International (SEMI) that showed the decline of the semiconductor equipment order in July 1998. Increase in the utilization of chip assembly capacity; Utilization rates of front-end foundry capacity; Reason...
a我今天没有带书 I have not brought the book today[translate] a“五颜六色”便捷融资通道 “Colorful” convenient financing channel[translate] a你平时上班的时候!跟同事或者是客户都是用英语交流吗? You usually go to work time! Or is the customer all is exchanges with the colleague with English?