Predicting Stock Returns by Using Financial Ratios
Accounting information in order to be effective in decision making, should be relevance and reliable. On the other hand, the usefulness of the financial statements information depend on explanatory and predictive power of companies value and the latter is directly affected by current and future ret...
| Main Authors: | , |
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| Format: | Article |
| Language: | fas |
| Published: |
Allameh Tabataba'i University Press
2005-12-01
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| Series: | مطالعات تجربی حسابداری مالی |
| Online Access: | https://qjma.atu.ac.ir/article_4142_c6105657326c370c24b878091210f3b2.pdf |
| _version_ | 1797378365598990336 |
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| author | Rezvan Hejazi Mahboobe Fatemi |
| author_facet | Rezvan Hejazi Mahboobe Fatemi |
| author_sort | Rezvan Hejazi |
| collection | DOAJ |
| description | Accounting information in order to be effective in decision making, should be relevance and reliable. On the other hand, the usefulness of the financial statements information depend on explanatory and predictive power of companies value and the latter is directly affected by current and future returns .Therefore , this study aims at investigating predicting stock returns using financial ratios.
The four ratios driven of research literature include earning to price, book to price, sales to price and dividend to price ratios.
The statistical population taking part in this study includes the Accepted companies in Tehran securities exchange and a sample of 72 companies in different industries during 1378-1383.
The results show that in relating to variables investigated, there is the greatest explanatory power between book to price ratio and stock returns and Earning to price ratio has not meaningful relation with the future stock returns.
Keywords: Stock return, earning to price ratio, book to price ratio, sales to price ratio, dividend to price ratio. |
| first_indexed | 2024-03-08T20:05:52Z |
| format | Article |
| id | doaj.art-3413d28afa2e434cb3791db43a60d75c |
| institution | Directory Open Access Journal |
| issn | 2821-0166 2538-2519 |
| language | fas |
| last_indexed | 2024-03-08T20:05:52Z |
| publishDate | 2005-12-01 |
| publisher | Allameh Tabataba'i University Press |
| record_format | Article |
| series | مطالعات تجربی حسابداری مالی |
| spelling | doaj.art-3413d28afa2e434cb3791db43a60d75c2023-12-23T10:33:11ZfasAllameh Tabataba'i University Pressمطالعات تجربی حسابداری مالی2821-01662538-25192005-12-01312831114142Predicting Stock Returns by Using Financial RatiosRezvan Hejazi0Mahboobe Fatemi1استادیار دانشگاه الزهرا، رشته حسابداریکارشناس ارشد حسابداری دانشگاه الزهراAccounting information in order to be effective in decision making, should be relevance and reliable. On the other hand, the usefulness of the financial statements information depend on explanatory and predictive power of companies value and the latter is directly affected by current and future returns .Therefore , this study aims at investigating predicting stock returns using financial ratios. The four ratios driven of research literature include earning to price, book to price, sales to price and dividend to price ratios. The statistical population taking part in this study includes the Accepted companies in Tehran securities exchange and a sample of 72 companies in different industries during 1378-1383. The results show that in relating to variables investigated, there is the greatest explanatory power between book to price ratio and stock returns and Earning to price ratio has not meaningful relation with the future stock returns. Keywords: Stock return, earning to price ratio, book to price ratio, sales to price ratio, dividend to price ratio.https://qjma.atu.ac.ir/article_4142_c6105657326c370c24b878091210f3b2.pdf |
| spellingShingle | Rezvan Hejazi Mahboobe Fatemi Predicting Stock Returns by Using Financial Ratios مطالعات تجربی حسابداری مالی |
| title | Predicting Stock Returns by Using Financial Ratios |
| title_full | Predicting Stock Returns by Using Financial Ratios |
| title_fullStr | Predicting Stock Returns by Using Financial Ratios |
| title_full_unstemmed | Predicting Stock Returns by Using Financial Ratios |
| title_short | Predicting Stock Returns by Using Financial Ratios |
| title_sort | predicting stock returns by using financial ratios |
| url | https://qjma.atu.ac.ir/article_4142_c6105657326c370c24b878091210f3b2.pdf |
| work_keys_str_mv | AT rezvanhejazi predictingstockreturnsbyusingfinancialratios AT mahboobefatemi predictingstockreturnsbyusingfinancialratios |