The economic theory suggests that expected returns should compensate for the risks undertaken by investors. This implies that investors are rewarded for taking risks while investing in assets with higher risk potentials. Theoretically, if they hold their investments, they receive higher returns,...

This study aims to explain the relationship between share buybacks and market sentiment around these events. Using data on social media posts around the share buybacks, we examine how financial indicators exhibit changes before and after the share buybacks. A sample of BSE100-listed Indian firms...

2018 was an interesting year. While headline Indian indexes held steady, the broader set of Indian equities suffered a bear market with average stock down nearly 40 to 50%. In this article, we look at warning signs that were present leading up to 2018. Further, via the performance of mid and...

While the earnings recovery has yet to realize itself, equity markets in India have continued to move up. As indices have moved up while earnings have largely failed to keep pace, valuations, to the extent that one bases them on the current earnings power of the business, have increasingly...

As equity markets have continued to move up and the current bull market has entered its ninth year, market participants have voiced concerns over elevated valuation levels. Several market participants including Hussman and GMO have voiced concerns that equity markets are currently priced to...

An investor, as Warren Buffett, said should think like a part-owner when investing in common stocks. As a part-owner, the investor should be concerned about the competitive positioning of the business he/she is invested in. A business that is relatively insulated from competitive actions, will...

Many market participants continuously dole out advice that higher economic growth results in higher investment returns. This tendency persists even though there has been much investment research providing evidence to the contrary. With the help of some examples and data presented by others, the...

The all-stock equity indices provide important information to market participants for asset allocation and investment performance evaluations. In this paper, we construct market capitalization weighted indexes for each of the 23 countries included in the MSCI Emerging Markets index as of...

An investor, as Warren Buffett said, should think like a part-owner when investing in common stocks. As a part-owner, the investor should be concerned about the competitive positioning of the business he/she is invested in as a business that is relatively insulated from competitive actions, will...