Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

Are Value Stocks Still Valuable: A Study of Value Strategy using Stock Data from 1999 to 2020

Authors
Sichen Zhuheisnoahzhu@163.com
Cambridge A-Level center, Hangzhou Foreign Language School, Hangzhou, China
Corresponding Author
Available Online 26 March 2022.
DOI
10.2991/aebmr.k.220307.265How to use a DOI?
Keywords
value strategy; value stock; glamor stock; book-to-market ratio; cash-to-price ratio
Abstract

This study uses two essential factors, book-to-market (B/M) ratio, and cash flow to price (C/P) ratio, to generate decile portfolios. Additionally, decile portfolios sorted by two factors from high to low are formed for five years with annual returns. By comparing the five-year average returns of each decile portfolio, it is determined that the value strategy is still effective in the market.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
26 March 2022
ISBN
10.2991/aebmr.k.220307.265
ISSN
2352-5428
DOI
10.2991/aebmr.k.220307.265How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Sichen Zhu
PY  - 2022
DA  - 2022/03/26
TI  - Are Value Stocks Still Valuable: A Study of Value Strategy using Stock Data from 1999 to 2020
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 1625
EP  - 1629
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.265
DO  - 10.2991/aebmr.k.220307.265
ID  - Zhu2022
ER  -