Portfolio Selection Based Upon P/E Ratios: Diversification, Risk Decomposition and Implications

A study was performed to extend the examination of extra-market covariation to groups of stocks selected in accordance with the popular criteria of price-earnings (P-E) ratio level. A sample of 2,208 stocks with positive P-E ratios of up to 50 was segmented into deciles. The time period studied was...

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Veröffentlicht in:	Journal of business finance & accounting 1987-07, Vol.14 (2), p.187-198
Hauptverfasser:	Keown, Arthur J., PINKERTON, JOHN M., CHEN, SON NAN
Format:	Artikel
Sprache:	eng
Schlagworte:	Diversification Effects Implications Portfolio investments Portfolio selection Price earnings ratio Regression analysis Risk Selection Studies
Online-Zugang:	Volltext
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