This presentation summarizes the motivation, methodology, and initial test results of Equity Valuation Factor Models, an adaptation of popular multi-factor modeling techniques that seeks to explain the price and payoff of business ownership as a precursor to explaining equity returns. A departure from traditional returns-based models, the approach produces new information such as current factor prices that inform both risk & returns expectations, with a number of potential applications for real-world investment decisions.
- Start date: 2016-02-09 11:00:00
- End date: 2016-02-09 12:30:00
- Venue: 639 Evans Hall at UC Berkeley
- Address: 639 Evans Hall, Berkeley, CA, 94720