Forecasting extreme performance: The experience with Australian equities

Abidin, S; Bird, R; Yeung, DC

Forecasting extreme performance: The experience with Australian equities

Abidin, S Bird, R

Yeung, DC

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Publisher:: Financial Services Institute of Australasia
Publication Type:: Journal Article
Citation:: JASSA, 2013, 2013 (1), pp. 32 - 37
Issue Date:: 2013-01

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Field	Value	Language
dc.contributor.author	Abidin, S	en_US
dc.contributor.author	Bird, R https://orcid.org/0000-0003-0524-9377	en_US
dc.contributor.author	Yeung, DC https://orcid.org/0000-0002-3032-0449	en_US
dc.date.issued	2013-01	en_US
dc.identifier.citation	JASSA, 2013, 2013 (1), pp. 32 - 37	en_US
dc.identifier.issn	0313-5934	en_US
dc.identifier.uri	http://hdl.handle.net/10453/27739
dc.description.abstract	Over any 12-month period, there is an enormous difference between the returns realised from investing in the best- and worst-performing stocks. We investigate the characteristics of these stocks and find that they share several features: extreme performers tend to be small companies that have volatile share prices and spend significant amounts of money on research and development. Accounting variables tend to be useful in separating out the best and worst performers; the latter also tend to be smaller companies which have lower share prices.	en_US
dc.publisher	Financial Services Institute of Australasia	en_US
dc.relation.ispartof	JASSA	en_US
dc.title	Forecasting extreme performance: The experience with Australian equities	en_US
dc.type	Journal Article
utslib.citation.volume	1	en_US
utslib.citation.volume	2013	en_US
utslib.for	1502 Banking, Finance and Investment	en_US
utslib.for	1501 Accounting, Auditing and Accountability	en_US
utslib.for	1801 Law	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Finance Discipline
utslib.copyright.status	closed_access
pubs.consider-herdc	true	en_US
pubs.issue	1	en_US
pubs.volume	2013	en_US

Abstract:

Over any 12-month period, there is an enormous difference between the returns realised from investing in the best- and worst-performing stocks. We investigate the characteristics of these stocks and find that they share several features: extreme performers tend to be small companies that have volatile share prices and spend significant amounts of money on research and development. Accounting variables tend to be useful in separating out the best and worst performers; the latter also tend to be smaller companies which have lower share prices.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/27739