Author:
Kazachenko, Sergey (Umeå University, Umeå School of Business)
Paz, Diana (Umeå University, Umeå School of Business)
Title:
Stockperformance indicators post recession: - A Study of valuation tools and strategies during recovery
Department:
Umeå University, Faculty of Social Sciences, Umeå School of Business
Publication type:
Student thesis
Level:
Independent thesis Basic level (degree of Bachelor)
University points:
10 credits / 15 HE credits
URI:
urn:nbn:se:umu:diva-23181
Permanent link:
http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-23181
Keywords(en)
:
Valuation tools; investment management, P/E ratio and CAPM, stock market performance, portfolio management, Market efficiency theory, Discounted Cash flow model
Abstract(en)
:
Problem: What are the most useful techniques to indicate the stocks that will outperform the market 12 month post the recession period? Purpose: The purpose is to find out which method(s): P/B, EV/EBIT, level of debt and so on, will offer investors the highest returns on the investments post the recession period based on the example of the IT crisis of 2000/2001. Method: Quantitative study, covering the Swedish OMX Index from 2001 until December 2002. Conclusions: Three variables should be reconsidered when making an investment decision post the recession period. These variables were earlier 12 months returns, dividend yield and P/E ratios. However, it is crucial to understand that these three tools should not be viewed all together.
Supervisor:
Isaksson, Anders (Umeå University, Umeå School of Business)
Examiner:
Nilsson, Kerstin, Tf studierektor (Umeå University, Umeå School of Business)
Available from:
2009-06-03
Statistics:
436 hits