Full Text Available
Note: Clicking the button above will open the full text document at the original institutional repository in a new window.
Fundamental momentum as an investment timing indicator for value portfolios
Dissertation (MBA)--University of Pretoria, 2012.
Saved in:
| Other Authors: | |
|---|---|
| Format: | Thesis |
| Published: |
University of Pretoria
2013
|
| Subjects: | |
| Tags: |
No Tags, Be the first to tag this record!
|
| _version_ | 1867613513777676288 |
|---|---|
| access_status_str | Open Access |
| author2 | Halfer, Dieter |
| author_browse | Halfer, Dieter |
| author_facet | Halfer, Dieter |
| collection | Thesis |
| dc_rights_str_mv | © 2012 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Dissertation (MBA)--University of Pretoria, 2012. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/23068 |
| institution | University of Pretoria (South Africa) |
| last_indexed | 2026-06-10T12:37:20.986Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2013 |
| publishDateRange | 2013 |
| publishDateSort | 2013 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/23068 Fundamental momentum as an investment timing indicator for value portfolios Halfer, Dieter ichelp@gibs.co.za Yates, Marinus UCTD Value strategies Momentum Composite value measures Investment timing Fundamental analysis Dissertation (MBA)--University of Pretoria, 2012. The problem associated with value shares is that they may remain undervalued for an extended period of time. Therefore, determining when to buy value shares has been the focus of many investors and academics. Studies have determined fundamentals provide valuable information when selecting shares while price momentum provides a decent timing indicator. This research examines a novel share selection approach which seeks to combine fundamentals with momentum to obtain a leading timing indicator.This research seeks to determine if the fundamental momentum indicator can successfully and consistently separate value winners from value losers. The value portfolios were formed using a composite valuation measure made of three separate indicators. The Value portfolio was then ranked based on the strength of the fundamental momentum indicator.This research identified that Leverage Factor and Current Ratio momentum was able to separate value winners from losers in a consistent manner. However, only Current Ratio momentum was capable of creating portfolios which could consistently outperform the market. Therefore, this research identified that fundamental momentum could be used as a timing indicator when acquiring value shares. Gordon Institute of Business Science (GIBS) unrestricted 2013-09-06T14:24:59Z 2013-04-26 2013-09-06T14:24:59Z 2013-04-25 2012 2013-03-09 Dissertation Yates, M 2012, Fundamental momentum as an investment timing indicator for value portfolios, MBA dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://hdl.handle.net/2263/23068 > F13/4/302/zw http://hdl.handle.net/2263/23068 http://upetd.up.ac.za/thesis/available/etd-03092013-173201/ © 2012 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | UCTD Value strategies Momentum Composite value measures Investment timing Fundamental analysis Fundamental momentum as an investment timing indicator for value portfolios |
| title | Fundamental momentum as an investment timing indicator for value portfolios |
| title_full | Fundamental momentum as an investment timing indicator for value portfolios |
| title_fullStr | Fundamental momentum as an investment timing indicator for value portfolios |
| title_full_unstemmed | Fundamental momentum as an investment timing indicator for value portfolios |
| title_short | Fundamental momentum as an investment timing indicator for value portfolios |
| title_sort | fundamental momentum as an investment timing indicator for value portfolios |
| topic | UCTD Value strategies Momentum Composite value measures Investment timing Fundamental analysis |
| url | http://hdl.handle.net/2263/23068 http://upetd.up.ac.za/thesis/available/etd-03092013-173201/ |