RT Journal Article
SR Electronic
T1 Can Composite Value Measures Enhance Portfolio Performance?
JF The Journal of Investing
FD Institutional Investor Journals
SP 42
OP 48
DO 10.3905/joi.2004.450755
VO 13
IS 4
A1 Manjeet S. Dhatt
A1 Yong H. Kim
A1 Sandip Mukherji
YR 2004
UL https://pm-research.com/content/13/4/42.abstract
AB There is considerable evidence that value stocks, which have low market multiples, earn higher long-term returns than growth stocks, which have high market multiples, but the relative efficiency of different value measures remains unclear. This research investigates whether composite value measures can be used to enhance the performance of value portfolios. It examines the relative efficiency of individual value measures and determines whether there is a significant value premium for a broad cross-section of tradable U.S. stocks.