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Value Investing Strategy (Strategy Overview)

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Allocations for August 2022 (Final)
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Investing Research Articles

3182 Research Articles

The 52-Week High as a Momentum Indicator for Individual Stocks

…the 52-week high is on average a superior indicator of positive momentum for individual stocks (except for a January reversal).

Inflation, Monetary Policy and the Stock Market

…inflation levels and expectations are key to equity market performance, and monetary policies that successfully manage inflation risks would promote stock market stability.

Does Customer Satisfaction Translate to Excess Stock Returns?

…stocks of firms with high ACSI customer satisfaction ratings outperform the market on average over the long term. Said differently, investors appear to undervalue customer satisfaction systematically.

Increased Reliability for Buyback Announcements?

…share repurchase announcements are now more reliable indicators of actual buyback activity, and consequent beneficial impact on earnings per share, than they were before 2004.

The Trading Wire at ChangeWave

As suggested by a reader, we evaluate here the Trading Wire archives at Tobin Smith’s ChangeWave, which extend back to November 2004. Tobin Smith, according to ChangeWave.com, is “among an esteemed new breed of investment advisors, with a fresh profit strategy for the post 2000-2002 bear-market investing world. He’s an energetic straight shooter with a… Keep Reading

Do Good Employers Make Good Investments?

…the (Fortune magazine) best places to work make on average good long-term investments.

Testing the Value Premium Down Under

…there is a highly significant value premium among Australian stocks, and the book-to-market ratio is the best way to capture that premium. A size effect exists only among the very smallest stocks.

Left Versus Right Down Under

…investors should perhaps lean toward stocks (real estate) when the electorate leans to the right (left).

Technical Analysis: “Anathema to the Academic World”?

…there is no evidence of any systematic intraday inefficiencies in SPDR data.

Liquid Beats Illiquid for Portfolio Growth?

…the most liquid stocks on average outperform, and this liquidity effect may be central to the value premium.