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available forecast for each forecaster and the difference between the average and the forecast that this forecaster previously … made. We extended the knowledge base by analyzing the unpredictable component of the earnings forecast. We found that for … some forecasters the unpredictable component can be used to improve upon the predictable forecast, but we also found that …
Persistent link: https://www.econbiz.de/10011895745
empirical study has investigated the nexus between the analyst forecast dispersion (AFD) and excess returns surrounding stock …
Persistent link: https://www.econbiz.de/10011556115
Theoretically, accounting earnings could be used to estimate the intrinsic value of equity. If accounting earnings could be predicted accurately, then, so could be the value of equity, thereby, creating much less risk in equity investment. However, earnings surprises are common, and therefore so...
Persistent link: https://www.econbiz.de/10012626688
better understand how financial analysts forecast earnings. We focus on forecasts for Real Estate Investment Trusts (REITs … regression analysis finds that the severity of the pandemic increases analysts' forecast error and dispersion. Government … forecast error rises by more, for REITs, when focusing on Hospitality and Industrial properties, and dispersion rises by more …
Persistent link: https://www.econbiz.de/10012628786
future. In addition, we draw on some contemporary measures of forecast quality (prediction-realization diagram, test of …
Persistent link: https://www.econbiz.de/10012799168
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'...
Persistent link: https://www.econbiz.de/10012628539
analysts' forecast accuracy. In addition, this study investigates further the interactions between the unique cultures in … dominated by Bumiputera audit committees have a higher analyst forecast error. In addition, we found that firms manage earnings …
Persistent link: https://www.econbiz.de/10013273021
policy's effects on analyst forecast. The empirical results showed that the mandatory disclosure policy on CSR reports … significantly increased analyst forecast accuracy and reduced analyst forecast dispersion. Furthermore, the study found that analyst … forecast accuracy was further increased when CSR reports were forced to undergo accountant assurance than those without …
Persistent link: https://www.econbiz.de/10013273622
Prior studies found that analyst forecast dispersion predicts future market returns. Some prior studies attribute this …
Persistent link: https://www.econbiz.de/10012304904
This paper develops ensemble machine learning models (XGBoost, Gradient Boosting, and AdaBoost in addition to Random Forest) for predicting stock returns of Indian banks using technical indicators. These indicators are based on three broad categories of technical analysis: Price, Volume, and...
Persistent link: https://www.econbiz.de/10013380477