Title
The Convergence of Prices to Fundamental Values: Applied Equity Valuation and Trading Strategy,Used
Delivery time: 8-12 business days (International)
Previous study shows that valuetoprice ratios (V/P) predict future stock returns. This empirical regularity is consistent with the notion that stock prices converge to fundamental values over time for mispriced securities. However, the existing evidence on price convergence is indirect and incomplete. This book examines the extent to which price convergence to fundamental value explains the success of V/P trading strategy. In addition, evidence is provided to show the effects of analyst forecast, price momentum and earnings announcement in the convergence process. An ex ante model is developed to predict what types of stocks are likely to exhibit the tendency of price convergence to fundamental value. The analysis should help shed some light on the debate on capital market efficiency, and should be useful to anyone who may be interested in equity valuation, fundamental analysis and stock trading strategies.
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⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.
For more information, please visit www.P65Warnings.ca.gov.
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Shipping & Returns
Shipping
We ship your order within 2–3 business days for USA deliveries and 5–8 business days for international shipments. Once your package has been dispatched from our warehouse, you'll receive an email confirmation with a tracking number, allowing you to track the status of your delivery.
Returns
To facilitate a smooth return process, a Return Authorization (RA) Number is required for all returns. Returns without a valid RA number will be declined and may incur additional fees. You can request an RA number within 15 days of the original delivery date. For more details, please refer to our Return & Refund Policy page.
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If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
Warranty
We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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Secure Payment
Your payment information is processed securely. We do not store credit card details nor have access to your credit card information.
We accept payments with :
Visa, MasterCard, American Express, Paypal, Shopify Payments, Shop Pay and more.