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This paper studies predictability of currency returns over time and the extent to which it is captured by trading rules commonly used in currency markets. We consider the strategies that an investor endowed with rational expectations could have pursued to exploit out-of-sample currency...
Persistent link: https://www.econbiz.de/10013091728
forecast dispersion is positively associated with future currency returns. Portfolios built from analyst forecasts tend to …
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reaction is stronger when Chinese analysts issue favorable forecast revisions or upgrades about Chinese firms …
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Equity studies are conducted by professionals, who also provide buy/hold/sell recommendations to investors. Nowadays, target prices determined by financial analysts are publicly available to investors, who may decide to use them for investment purposes. Studying the accuracy of such analysts'...
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significant government ownership issued relatively less pessimistic (or more optimistic) earnings forecasts, earnings-forecast …
Persistent link: https://www.econbiz.de/10011931362
In this study, we analyze the forecast accuracy and profitability of buy recommendations published in five major German … financial magazines for private households based on fundamental analysis. The results show a high average forecast accuracy but … with a very high standard deviation, which indicates poor forecast accuracy with regard to individual stocks. The …
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