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- Title
Trading Strategy on EVA and MVA: Are They Reliable Indicators of Future Stock Performance?
- Authors
Ferguson, Robert; Rentzler, Joel; Yu, Susana
- Abstract
The article examines the use of economic valued added (EVA) and market value added (MVA) as reliable indicators of future stock performances. Stern Stewart & Co. Annual provided a list of 1,000 U.S. companies ranked according to their MVA from 1993 througn 2002. The cumulative return and risk-adjusted return of both EVA and MVA were determined.
- Subjects
UNITED States; ECONOMIC value added (Corporations); MARKET value; ECONOMIC indicators; STERN Stewart &; Co.; CORPORATIONS; CAPITAL investments; RATE of return
- Publication
Journal of Investing, 2006, Vol 15, Issue 4, p88
- ISSN
1068-0896
- Publication type
Article
- DOI
10.3905/joi.2006.669105