The Market Ratios on Polish Capital Market – Application to Portfolio Analysis

Waldemar Tarczyński () and Małgorzata Łuniewska ()
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Waldemar Tarczyński: University of Szczecin, Poland
Małgorzata Łuniewska: University of Szczecin, Poland

Chapter 3 in FindEcon Monograph Series: Advances in Financial Market Analysis, 2007, vol. 5, pp 45-55 from University of Lodz

Abstract: In Chapter 3 W. Tarczyński and M. Łuniewska construct minimum variation coefficient portfolios for the group of companies in the WSE with comparable market ratios (i.e. P/E and P/BV). They have found some evidence of the superiority of the portfolios with average market ratios over the lowest market ratios portfolios for the long historical investment horizon (above one year).

Keywords: Market ratios on Polish capital market; Portfolio analysis (search for similar items in EconPapers)
JEL-codes: C01 E02 F00 G00 (search for similar items in EconPapers)
Date: 2007
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