Dennis R. Capozza and Ryan Israelsen hypothesize that in markets where information costs, transactions costs and the economic impact of information can vary widely, we should expect both significant predictability and systematic variation in the predictability.
White Paper: How Quickly do Equity Prices Converge to Intrinsic Value?
Valuation Beta 2022 Update
In October 2020, Applied Finance published a research paper (Valuation Beta) that studied the attributes of a comprehensive intrinsic value framework in the context of asset pricing studies popularized by Fama French’s expansion from the [...more]