TY  - GEN
A1  - Tiberius, Victor
A1  - Lisiecki, Laura
T1  - Stock Price Forecast Accuracy and Recommendation Profitability of Financial Magazines
T2  - Postprints der Universität Potsdam : Wirtschafts- und Sozialwissenschaftliche Reihe
N2  - In this study, we analyze the forecast accuracy and profitability of buy recommendations published in five major German financial magazines for private households based on fundamental analysis. The results show a high average forecast accuracy but with a very high standard deviation, which indicates poor forecast accuracy with regard to individual stocks. The recommendation profitability slightly exceeds the performance of the MSCI World index. Considering the involved risk, which is represented by a high standard deviation, the excess returns appear to be insufficient.
T3  - Zweitveröffentlichungen der Universität Potsdam : Wirtschafts- und Sozialwissenschaftliche Reihe - 118 
KW  - buy recommendations
KW  - financial magazines
KW  - forecast accuracy
KW  - MSCI World
KW  - recommendation profitability
Y1  - 2019
U6  - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:kobv:517-opus4-441081
SN  - 1867-5808
IS  - 118
ER  - 
TY  - JOUR
A1  - Tiberius, Victor
A1  - Lisiecki, Laura
T1  - Stock Price Forecast Accuracy and Recommendation Profitability of Financial Magazines
JF  - International Journal of Financial Studies
N2  - In this study, we analyze the forecast accuracy and profitability of buy recommendations published in five major German financial magazines for private households based on fundamental analysis. The results show a high average forecast accuracy but with a very high standard deviation, which indicates poor forecast accuracy with regard to individual stocks. The recommendation profitability slightly exceeds the performance of the MSCI World index. Considering the involved risk, which is represented by a high standard deviation, the excess returns appear to be insufficient.
KW  - buy recommendations
KW  - financial magazines
KW  - forecast accuracy
KW  - MSCI World
KW  - recommendation profitability
Y1  - 2019
U6  - https://doi.org/10.3390/ijfs7040058
SN  - 2227-7072
IS  - 4
PB  - MDPI
CY  - Basel
ET  - 7
ER  -