TITLE

RISKS AND REWARDS FROM HIGH-YIELD STOCK INVESTMENTS

AUTHOR(S)
Lancaster, Carol; Stevens, Jerry L.
PUB. DATE
July 1994
SOURCE
Journal of Financial Planning;Jul94, Vol. 7 Issue 3, p124
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This study uses practitioner suggestions found in the popular press to construct stock-selection screens for highly-yield stocks, and tests the investment performance of the resulting portfolio. Traditional mean-variance measures of performance, as well as measures based to evaluate the validity of the high-yield strategy. The empirical analysis suggests that the high-yield stock-selection screens offer attractive results for investors in terms of excess returns and low downside risk.
ACCESSION #
5559751

 

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