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Can You Trust Investment Strategies?: An Empirical Study of Five Easily Available Investment Strategies Suitable for All Investors
Linnaeus University, School of Business and Economics, Department of Management Accounting and Logistics.
Linnaeus University, School of Business and Economics, Department of Management Accounting and Logistics.
2019 (English)Independent thesis Advanced level (degree of Master (One Year)), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

This study examines the Swedish Stock Exchange during the time period of 1998-2016.

Where the purpose is to investigate and compare five different investment strategies to

see if these investment strategies can create excess return on their investments, after

adjustment for risk. The investment strategies can be found on the internet, and be used

after purchasing a smaller amount of money, therefore the results can be applied to all

investors independent on their level of experience. The results for the different

investment strategies are not clear, the different tests give mixed results which leaves

four of five hypotheses unanswered. However, there is one strategy that can be rejected,

it cannot beat the market, which is the Net-Nets strategy. In general, one could thus say

that the investment strategies can create higher return compared to the market, but that

these returns are random. Therefore, it requires a longer time period for the investor as

well as higher risk, since one never knows when this large return will be given.

Place, publisher, year, edition, pages
2019. , p. 113
Keywords [en]
Investment strategies, The Magic Formula, Dogs of the Dow, Graham Screener, Net- Nets, Piotroski’s F_Score, Risk-Adjusted Return, Three-Factor Model.
National Category
Business Administration
Identifiers
URN: urn:nbn:se:lnu:diva-84909OAI: oai:DiVA.org:lnu-84909DiVA, id: diva2:1322605
Educational program
Business Administration and Economics Programme, 240 credits
Supervisors
Examiners
Available from: 2019-06-18 Created: 2019-06-11 Last updated: 2019-06-18Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
  • ieee
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