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Product Description
The Handbook of Equity Market Anomalies: Translating Market Inefficiencies into Effective Investment Strategies (Wiley Finance) (9780470905906): Leonard Zacks: Books. 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 software and data to all types of investors. Now, with his new book, he shows you what it takes to build a quant process—based on academically documented market inefficiencies and anomalies—that will allow you to enhance your trading and investing activities.Engaging and informative, 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 the self-directed individual investor with a framework for incorporating the results of this research into their own endeavors. Comprised of contributed chapters by leading professors who have performed groundbreaking research on specific anomalies, and edited by Len Zacks, this book skillfully reveals some of the most important anomalies savvy investors have used for decades to beat the market.Some of the anomalies examined 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 long investor portfolios.And by visiting the website associated with this book (hema.zacks.com), you'll find a page dedicated to each chapter as well as a live discussion group where the authors will periodically respond to posts from readers. The book's Bibliography is also housed on this site, so you can instantly explore more than 600 of the academic articles referred to throughout these pages.A treasure trove of investment research and wisdom, this book will save you countless hours of searching for strategies that can improve the performance of your portfolio by distilling the essence of twenty years of academic research into eleven clear chapters—and providing a solid understanding of the use and value of specific anomalies in quant equity investing.
Shipping Weight: 2 pounds
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