Skuteczność strategii inwestycyjnej bazującej na wskaźniku ceny do zysku w oparciu o model Johna Neffa

• Authors: Marta Celej

Title variants

EN

Effectiveness of the Investment Strategy Based on Price -- nEarnings Ratio by Model Created by John Neff

• Languages of publication: PL

Abstracts

EN

The article is devoted one of the investment strategy based on value investing. This strategy was developed by John Neff. He headed the Windsor Fund for many years. The main assumption of this strategy is investing in stocks these are low market valuation ratio (price to earnings ratio forming from 40 to 60% of the market) and additionally, these companies are likely to develop. These are measured according to certain criteria. In this publication empirically verified the results to the strategy of John Neff for the stocks listed on the Polish stock market in the years 2007-2012. Companies in accordance with criterion of size of P/E ratio evaluated for compatibility with the Rother objectives of the strategy, and then tested the effects of investment in their stocks as compared to the results for the broad market index.

Keywords

PL

Spółki; Strategia inwestycyjna; Wskaźniki finansowe

EN

Companies; Financial indicators; Investment strategy

• Publisher: Uniwersytet Ekonomiczny w Katowicach
• Journal: Studia Ekonomiczne
• Year: 2013
• Volume: 155
• Pages: 467-482

Contributors

author

Marta Celej

References

• Arnold G.: Inwestowanie w wartość. Wydawnictwa Profesjonalne PWN, Warszawa 2010.
• Mintz S.L., Neff J.: John Neff on Investing. John Wiley and Sons Ltd., New York 1999.

Identifiers

ISSN

2083-8611