Date of Last Revision

2023-05-02 21:49:42



Degree Name

Bachelor of Science

Date of Expected Graduation

Summer 2017


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



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