A research on usefulness of stock valuation models to anticipate stock prices in TSE

Document Type : Original Article

Authors

10.22034/iaar.2012.104579

Abstract

The intention of this study is to investigate the ability of the evaluating models, including the model of the ratio of price to Earning (Tkasry coefficients) and that of the market's value added, in predicting the price of the stock market in a four-year period of time (2004-2007). The results reveal that the evaluating methods of price/Earning coefficient and the market's value added can both be used to investigate and predict the price and output of the stocks. They can also be utilized by the investors, shareholders, company managers, the Stock Exchange Corporation and brokers as well as economic and financial interpreters.

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