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THE MAGIC FORMULA - EN UTVÄRDERING AV EN FUNDAMENTAL INVESTERINGSSTRATEGI PÅ DEN SVENSKA AKTIEMARKNADEN


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Title: THE MAGIC FORMULA - EN UTVÄRDERING AV EN FUNDAMENTAL INVESTERINGSSTRATEGI PÅ DEN SVENSKA AKTIEMARKNADEN
Other Titles: THE MAGIC FORMULA
Authors: Hauri, Gustav
Sköld, Johannes
Issue Date: 18-Feb-2019
Degree: Student essay
Series/Report no.: 201902:181
Uppsats
Keywords: Effecient Market Hypothesis
Fundamental analysis
Investments strategies
Magic Formula
Value investing
Abstract: This thesis examines the predictive powers of the basic stock picking model, The Magic Formula (MF), as well as the modified version of the model, The Free-Cash-Flow augmented Magic Formula (MF-CF) as suggested by Davydov, Tikkanen and Äijö (2016). By using a sample of the firms listed in the Stockholm Stock Exchange during 2008-2018, our results indicate that both models predict high risk, but only the MF provide higher returns. Contradictory to the findings in the Finnish study by Davydov et.... more
URI: http://hdl.handle.net/2077/59258
Appears in Collections:Kandidatuppsatser / Institutionen för nationalekonomi och statistik

 

 

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