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- Title
Price-earnings ratios and security performance.
- Authors
Jahnke, Gregg; Klaftke, Stephen J.; Oppenheimer, Henry R.
- Abstract
This paper examines various fundamental variables used by institutional manager. Comparisons of performance of high P/E portfolios and low P/E portfolios at differing levels of these fundamental variables provide no evidence of superiority of the high P/E strategy. Further, analysis across levels of these partitioning variables provides no evidence that this use improves portfolio performance. There was a little evidence of satisfactory performance of high P/E/ strategy.
- Subjects
PORTFOLIO management (Investments); INVESTMENTS; SECURITIES; PRICING; FINANCE; MANAGEMENT
- Publication
Journal of Portfolio Management, 1987, Vol 14, Issue 1, p39
- ISSN
0095-4918
- Publication type
Article
- DOI
10.3905/jpm.1987.409127