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Zacks, Len

The Handbook of Equity Market Anomalies: Translating Market Inefficiencies into Effective Investment Strategies

Zacks, Len - The Handbook of Equity Market Anomalies: Translating Market Inefficiencies into Effective Investment Strategies, ebook

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ISBN: 9781118127766
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Investment pioneer Len Zacks presents the latest academic research on how to beat the market using equity anomalies

The Handbook of Equity Market Anomalies organizes and summarizes research carried out by hundreds of finance and accounting professors over the last twenty years to identify and measure equity market inefficiencies and provides self-directed individual investors with a framework for incorporating the results of this research into their own investment processes. Edited by Len Zacks, CEO of Zacks Investment Research, and written by leading professors who have performed groundbreaking research on specific anomalies, this book succinctly summarizes the most important anomalies that savvy investors have used for decades to beat the market.

Some of the anomalies addressed include the accrual anomaly, net stock anomalies, fundamental anomalies, estimate revisions, changes in and levels of broker recommendations, earnings-per-share surprises, insider trading, price momentum and technical analysis, value and size anomalies, and several seasonal anomalies. This reliable resource also provides insights on how to best use the various anomalies in both market neutral and in long investor portfolios. A treasure trove of investment research and wisdom, the book will save you literally thousands of hours by distilling the essence of twenty years of academic research into eleven clear chapters and providing the framework and conviction to develop market-beating strategies.

  • Strips the academic jargon from the research and highlights the actual returns generated by the anomalies, and documented in the academic literature
  • Provides a theoretical framework within which to understand the concepts of risk adjusted returns and market inefficiencies
  • Anomalies are selected by Len Zacks, a pioneer in the field of investing

As the founder of Zacks Investment Research, Len Zacks pioneered the concept of the earnings-per-share surprise in 1982 and developed the Zacks Rank, one of the first anomaly-based stock selection tools. Today, his firm manages U.S. equities for individual and institutional investors and provides investment software and investment data to all types of investors. Now, with his new book, he shows you what it takes to build a quant process to outperform an index based on academically documented market inefficiencies and anomalies.

Keywords: Finance & Investments Special Topics, Len Zacks, Zacks, the handbook of equity market anomalies, handbook of equity market anomalies, investment anomalies, stock trading methods, trading methods, Zacks Investment Research, market inefficiencies, exploiting market inefficiencies, market anomalies, exploiting market anomalies, earnings revisions and surprises, trading by company insiders, stock price momentum patterns, low price-earnings ratios, sector characteristics, seasonal patterns, accruals, PEAD, net stock, statistical arbitrage, stat arb, high frequency trading, seasonal anomalies, momentum, technical trading, Piotroski, value investing, growth investing, insider trading, self directed investors, quantitative investing, quant investing, backtesting, risk models, CAPM, size anomaly, value anomaly, EPS surprises, recommendation performance, sloan, ziemba, estimate revisions, risk models, IPO performance, recommendation performance, quant models, APT models, TOY, TOM, head and shoulders, SEO performance, market neutral, hedge returns, trading strategies, Dupont analysis, fundamental ratios, Zacks Profit from the Pros, zacks.com, peopleandpicks.com, zackselite.com

Author(s)
Publisher
John Wiley and Sons, Inc.
Publication year
2011
Language
en
Edition
1
Series
The Zacks Series
Page amount
352 pages
Category
Economy
Format
Ebook
eISBN (ePUB)
9781118127766
Printed ISBN
9780470905906

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