scholarly journals Relative valuation of food and non‐food risks with a comparison to actuarial values: A best–worst approach

2021 ◽  
Author(s):  
Kayode Ajewole ◽  
Elliott Dennis ◽  
Ted C. Schroeder ◽  
Jason Bergtold
Keyword(s):  
Relative Valuation

The Folly of Hiring Winners and Firing Losers

2018 ◽  
Keyword(s):  
Standard Procedure ◽  
Expected Returns ◽  
Fund Managers ◽  
Security Selection ◽  
Strategy Performance ◽  
Manager Skill ◽  
Relative Valuation

The standard procedure of firing losing managers and hiring winning managers based on their past three-year performance leads to losses. Investors need to look forward—not just back—when allocating to fund managers by using a measure of expected fund returns that considers factor exposures, fees, manager skill in security selection, and factor expected returns estimated based on relative valuation. As investors and their consultants gain a better understanding of the predictive efficacy of relative valuations in factor and strategy performance, they gain an objective reason to avoid the blunders of performance chasing.

A Factor Model of Company Relative Valuation

2020 ◽  
Author(s):  
Xiaolu Hu ◽  
Malick O. Sy ◽  
Liuren Wu
Keyword(s):  
Factor Model ◽  
Relative Valuation

scholarly journals Enterprise Valuation Analysis Based on Grey Prediction Model and Index Selection—A Case Study of Huayi Brothers Media Group

2016 ◽  
Vol 8 (8) ◽  
pp. 11
Author(s):  
Na Luo ◽  
Jiangrui Chen ◽  
Lingyi Kong ◽  
Yuanfeng Zhu
Keyword(s):  
Prediction Method ◽  
Share Price ◽  
Grey Prediction ◽  
Average Value ◽  
Valuation Model ◽  
Enterprise Valuation ◽  
Reasonable Range ◽  
Significant Area ◽  
Relative Valuation ◽  
Media Group

<p>Research on the investment value of enterprises has been a significant area, which the market investors and corporate decision-makers always pay much attention to. In this paper, Huayi Brothers Media Group, the leading enterprise of the film industry, is chosen as the research subject. The paper firstly targeted the difficulties of evaluating Huayi Brothers through analyzing its financial data. Then we used the improved grey prediction method as an absolute valuation model to estimate the cash flow, with relative valuation models, including PE, PB, PS and PEG, as supplements. From the results, we reached a conclusion that these two kinds of valuation models have a similar market value for Huayi Brothers at about 40 billion, which should be reliable when compared with the current average value, about 39 billion, evaluated by 13 official valuation mechanisms. What’s more, the share price of Huayi Brothers in the bull market in 2015 is far higher than the reasonable range of value, and thus we advised that short-term investors have better not make an investment on Huayi Brothers until its share price is in a reasonable range.</p>

Relative valuation

Valuation ◽  
2016 ◽  
pp. 187-204
Author(s):  
Rajesh Kumar
Keyword(s):  
Relative Valuation

scholarly journals Bank Valuation Models – A Comparative Analysis

2017 ◽  
Vol 6 (3) ◽  
pp. 116
Author(s):  
Chitra Gunshekhar Gounder ◽  
M. Venkateshwarlu
Keyword(s):  
Public Sector ◽  
Private Sector ◽  
Value Creation ◽  
Shareholder Value ◽  
Market Price ◽  
Residual Income ◽  
Valuation Model ◽  
Residual Income Model ◽  
Income Model ◽  
Relative Valuation

The Bank valuation model was designed based on objective to fit  the most  applicable  valuation model for banks to help in forecasting bank specific decision and also forecast the market value of share. First study the accuracy and explanatory value of the value estimates from the residual income model compared to the estimates from the Relative valuation model for banks. Empirical evidence suggests that the residual income model is superior to the relative valuation model when it comes to measuring bank shareholder value. The results of the comparison suggest that value estimates from the residual income model are even more reliable for banks. On this basis, we conclude that residual income is an appropriate value estimate for the shareholder value of banks. There was positive significant relationship identified between the intrinsic value of bank share determined by RIV model and Market price of share in all the cases by performing correlation and Regression study. This study will be useful for forecasting the possible changes in market price. It was identified that determinants vary as per the working and regulatory condition as determinants impacting private, public and Indian banks were not similar so panel regression model will vary for each cases. It was also identified that Public Sector Bank in India shows more positive progressive trend as compared to private Sector Bank even after the fact that public Sector Bank has higher regulatory restriction as compared to Private Sector banks. This research will serve very useful for the banker to plan and take decision regarding shareholder value creation by implementing proper valuation model for getting appropriate value estimate and also adopting proper internal performance measure for having accurate and regular check on the process of value creation. 

scholarly journals Does Responsibility Affect the Public's Valuation of Health Care Interventions? A Relative Valuation Approach to Health Care Safety

2012 ◽  
Vol 15 (5) ◽  
pp. 690-698 ◽  
Author(s):  
Jeshika Singh ◽  
Joanne Lord ◽  
Louise Longworth ◽  
Shepley Orr ◽  
Teresa McGarry ◽  
...  
Keyword(s):  
Health Care ◽  
Health Care Interventions ◽  
Relative Valuation ◽  
Health Care Safety

scholarly journals Understanding the relative valuation of research impact: a best–worst scaling experiment of the general public and biomedical and health researchers

BMJ Open ◽  
2016 ◽  
Vol 6 (8) ◽  
pp. e010916 ◽  
Author(s):  
Alexandra Pollitt ◽  
Dimitris Potoglou ◽  
Sunil Patil ◽  
Peter Burge ◽  
Susan Guthrie ◽  
...  
Keyword(s):  
General Public ◽  
Research Impact ◽  
Best Worst Scaling ◽  
Relative Valuation
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