Analyst price target expected returns and option implied risk
Motivated by the nature of asset pricing models, we investigate the cross-sectional relation between the market's ex-ante view of a stock's risk and the stock's ex-ante expected return. We demonstrate that an ex-ante measure of expected returns based on analyst price targets is highly...
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| Main Authors: | , , |
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| 格式: | text |
| 語言: | English |
| 出版: |
Institutional Knowledge at Singapore Management University
2014
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| 主題: | |
| 在線閱讀: | https://ink.library.smu.edu.sg/lkcsb_research/5461 https://ink.library.smu.edu.sg/context/lkcsb_research/article/6460/viewcontent/SSRN_id2516937.pdf |
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| 機構: | Singapore Management University |
| 語言: | English |