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Title: Trading strategies and their implementation into portfolios
Author: Husseini, Rayan
ISNI:       0000 0004 5363 2976
Awarding Body: University of Liverpool
Current Institution: University of Liverpool
Date of Award: 2014
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This thesis examines how to implement financial statement analysis to form some investment ideas. Specifically, we are looking at strategies such as value (going long on stocks with a high F-score and short on stocks with a low F-score), and a momentum strategy going long on stocks that have an increase in return on equity (ROE). Findings suggest that we are able to generate excess returns even after controlling for risks and recommend that the understanding of financial statement can help investors to form investment decisions and give a competitive edge over other investors in the market. There are a few lessons that investors can learn from the findings of this thesis. Value investors should focus on value firms. Momentum investors should pursue an investment strategy among firms with an improvement in return on equity. They could also benefit from forming a portfolio based on both investment ideas, which should protect them from economic downturn and offer an interesting portfolio.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available
Keywords: HD61 Risk Management ; HF5601 Accounting ; HG Finance