Investment pioneer Len Zacks presents the latest academicresearch on how to beat the market using equity anomalies The Handbook of Equity Market Anomalies organizes andsummarizes research carried out by hundreds of finance andaccounting professors over the last twenty years to identify andmeasure equity market inefficiencies and provides self-directedindividual investors with a framework for incorporating the resultsof this research into their own investment processes. Edited by LenZacks, CEO of Zacks Investment Research, and written by leadingprofessors who have performed groundbreaking research on specificanomalies, this book succinctly summarizes the most importantanomalies that savvy investors have used for decades to beat themarket. Some of the anomalies addressed include the accrual anomaly, netstock anomalies, fundamental anomalies, estimate revisions, changesin and levels of broker recommendations, earnings-per-sharesurprises, insider trading, price momentum and technical analysis,value and size anomalies, and several seasonal anomalies. Thisreliable resource also provides insights on how to best use thevarious anomalies in both market neutral and in long investorportfolios. A treasure trove of investment research and wisdom, thebook will save you literally thousands of hours by distilling theessence of twenty years of academic research into eleven clearchapters and providing the framework and conviction to developmarket-beating strategies. Strips the academic jargon from the research and highlights theactual returns generated by the anomalies, and documented in theacademic literature Provides a theoretical framework within which to understand theconcepts of risk adjusted returns and market inefficiencies Anomalies are selected by Len Zacks, a pioneer in the field ofinvesting As the founder of Zacks Investment Research, Len Zacks pioneeredthe concept of the earnings-per-share surprise in 1982 anddeveloped the Zacks Rank, one of the first anomaly-based stockselection tools. Today, his firm manages U.S. equities forindividual and institutional investors and provides investmentsoftware and investment data to all types of investors. Now, withhis new book, he shows you what it takes to build a quant processto outperform an index based on academically documented marketinefficiencies and anomalies.
Description:
Investment pioneer Len Zacks presents the latest academicresearch on how to beat the market using equity anomalies The Handbook of Equity Market Anomalies organizes andsummarizes research carried out by hundreds of finance andaccounting professors over the last twenty years to identify andmeasure equity market inefficiencies and provides self-directedindividual investors with a framework for incorporating the resultsof this research into their own investment processes. Edited by LenZacks, CEO of Zacks Investment Research, and written by leadingprofessors who have performed groundbreaking research on specificanomalies, this book succinctly summarizes the most importantanomalies that savvy investors have used for decades to beat themarket. Some of the anomalies addressed include the accrual anomaly, netstock anomalies, fundamental anomalies, estimate revisions, changesin and levels of broker recommendations, earnings-per-sharesurprises, insider trading, price momentum and technical analysis,value and size anomalies, and several seasonal anomalies. Thisreliable resource also provides insights on how to best use thevarious anomalies in both market neutral and in long investorportfolios. A treasure trove of investment research and wisdom, thebook will save you literally thousands of hours by distilling theessence of twenty years of academic research into eleven clearchapters and providing the framework and conviction to developmarket-beating strategies. Strips the academic jargon from the research and highlights theactual returns generated by the anomalies, and documented in theacademic literature Provides a theoretical framework within which to understand theconcepts of risk adjusted returns and market inefficiencies Anomalies are selected by Len Zacks, a pioneer in the field ofinvesting As the founder of Zacks Investment Research, Len Zacks pioneeredthe concept of the earnings-per-share surprise in 1982 anddeveloped the Zacks Rank, one of the first anomaly-based stockselection tools. Today, his firm manages U.S. equities forindividual and institutional investors and provides investmentsoftware and investment data to all types of investors. Now, withhis new book, he shows you what it takes to build a quant processto outperform an index based on academically documented marketinefficiencies and anomalies.