Alok Kumar – Behavior and Performance of Investment Newsletter Analysts (Article)

ALOK KUMAR – BEHAVIOR AND PERFORMANCE OF INVESTMENT NEWSLETTER ANALYSTS (ARTICLE)

This study analyzes the behavior and performance of 353 investment newsletters that make asset allocation recommendations during a period covering more than 21 years (June 1980 – November 2001). Newsletters change their asset mix between equity and cash using relatively simple rules that are strongly influenced by past market returns while macro-economic variables have only a very weak influence on their asset allocation decisions. On aggregate, newsletters do not outperform a passive investment strategy but there exist well-defined newsletter sub-groups (active newsletters, contrarian newsletters) that exhibit market-timing ability. Furthermore, when we examine the recommendations of individual newsletters at a higher frequency (daily as opposed to monthly), we find considerable evidence of timing-ability. There is also evidence of persistence in newsletters’ performance and a trading strategy that follows the average recommendations of newsletters that have performed well in the past 10 months is capable of outperforming the market on a risk-adjusted basis (the annual over-performance is 2.56%).

Get Alok Kumar – Behavior and Performance of Investment Newsletter Analysts (Article)

Alok Kumar, Behavior and Performance of Investment Newsletter Analysts (Article), Download Behavior and Performance of Investment Newsletter Analysts (Article), Free Behavior and Performance of Investment Newsletter Analysts (Article), Behavior and Performance of Investment Newsletter Analysts (Article) Torrent, Behavior and Performance of Investment Newsletter Analysts (Article) Review, Behavior and Performance of Investment Newsletter Analysts (Article) Groupbuy.

Delivery Method

– After your purchase, you’ll see a View your orders link which goes to the Downloads page. Here, you can download all the files associated with your order.
– Downloads are available once your payment is confirmed, we’ll also send you a download notification email separate from any transaction notification emails you receive from IMCourse.net.
– Since it is a digital copy, our suggestion is to download and save it to your hard drive. In case the link is broken for any reason, please contact us and we will resend the new download link.
– If you cannot find the download link, please don’t worry about that. We will update and notify you as soon as possible at 8:00 AM – 8:00 PM (UTC+8).

Thank You For Shopping With Us!