Can Stock Analysts Predict Market Risk? New Evidence from Copula Theory
We assess investment value of stock recommendations from the standpoint of market risk. We match I/B/E/S (Institutional Brokers’ Estimates System) consensus recommendations issued in January 2015 for a cross-section of u.S. public equities with realized volatility of these papers, showing that these...
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| Format: | Article |
| Language: | Russian |
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Government of the Russian Federation, Financial University
2019-02-01
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| Series: | Финансы: теория и практика |
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| Online Access: | https://financetp.fa.ru/jour/article/view/817 |