Date of Last Revision
2023-05-02 21:49:42
Major
Accounting
Degree Name
Bachelor of Science
Date of Expected Graduation
Summer 2017
Abstract
This study examines how accounting information can be used to forecast market performance of stocks. We used the specific accounting information of earnings-to-price and book-to-market value ratios, in relation to a stocks 5-year holding period return to determine market performance. The most current, quarterly data with a longer sample period than previous studies was used. First, portfolios of stocks were formed based on the value of each stocks ratio. Next, univariate tests were then run on each ratio’s portfolios to determine if there was statistical significance in the differences among the portfolios returns. Lastly, we determined that investors could earn significantly higher returns by viewing and analyzing the ratios described in this study.
Research Sponsor
Dr. Marcus V. Braga-Alves
First Reader
Dr. Eric Brisker
Second Reader
Dr. Harri Ramcharran
Recommended Citation
Atanasov, Tyler, "Using Accounting Information to Forecast Market Performance" (2017). Williams Honors College, Honors Research Projects. 414.
https://ideaexchange.uakron.edu/honors_research_projects/414
Included in
Accounting Commons, Corporate Finance Commons, Finance and Financial Management Commons, Portfolio and Security Analysis Commons