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An ensemble model for Net asset value prediction
2015 IEEE Power, Communication and Information Technology Conference (PCITC), 2015In this paper, we propose a robust and novel ensemble model for Net asset value prediction of Mutual fund. The proposed model is constituted of two non-linear models: Radial basis function (RBF) and Functional link artificial neural network (FLANN). In order to improve the prediction performance of the hybrid model a boosting technique is used. The sum
C.M. Anish, Babita Majhi
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Forecasting the Net Asset Value of PRWCX
2014Abstract This research examines the use of a number of time series model structures of a moderate allocation mutual fund, PRWCX. PRWCX was rated as the top fund in its category during the past five years. The fund invests at least 50% of its total assets that the fund manager believes that have above average potential for capital ...
Kenneth D. Lawrence +2 more
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Private Equity Net Asset Values and Future Cash Flows
The Accounting Review, 2015ABSTRACT This study analyzes whether fair value estimates of fund net asset values (NAVs) produced by private equity managers are accurate and unbiased predictors of future discounted cash flows (DCFs). We exploit the fact that private equity funds have finite lives to compare reported NAVs to DCFs based on realized cash flows for 384 ...
Tim Jenkinson +3 more
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The Discount to Net Asset Value, Unbundling and Shareholder Interests
De Ratione, 1994The argument has recently been made by powerful political voices that the large South African corporate conglomerates (or groups) should be broken up into their constituents or “unbundled”, as the process has become known in South Africa. Critics of these groups in the financial markets have pointed to the existence of a discount of the quoted share ...
G.D.I. Barr, B.S. Kantor
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Net asset value discounts and premiums in the maritime shipping industry
European Financial Management, 2021AbstractThis paper examines net asset value (NAV) discounts and premiums in the setting of the maritime shipping industry. We employ a qualitative study with equity analysts as well as a quantitative study with a unique panel data, to explore and empirically investigate, respectively, the reasons underpinning NAV discounts and premiums.
Andreas Andrikopoulos +2 more
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Firm Value and Net Current Assets Investments
SSRN Electronic Journal, 2008Maximization of wealth of his owners is the basic financial aim in management of an enterprise. Decisions in net current assets investments should contribute to realization of this aim. Article presents the discussion about relations between firm's net current assets (working capital) investment policy and firms value.
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What Net Asset Value?- An Extension of a Familiar Debate.
The Accounting Review, 1970Abstract The purpose of this article is to discover a theoretically sound model of asset valuation by reference to the basic underlying concept of financial position. It will be shown that several models of asset valuation can be developed from alternative assumptions or definitions of financial position, but that the application of ...
George C. Mead, Stephen H. Penman
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Testing Benjamin Graham’s Net Current Asset Value Strategy in London
The Journal of Investing, 2007It is widely recognized that value strategies - those that invest in stocks with low market values relative to measures of their fundamentals (e.g. low prices relative to earnings, dividends, book assets and cash flows) - tend to show higher returns. In this paper we focus on the early value metric devised and employed by Benjamin Graham - net current ...
Ying Xiao, Glen Arnold
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A Reduced-Form Model for A Life Insurance’s Net Asset Value
Bankers, Markets & Investors, 2019In this paper we develop a closed-form model for the net asset value of a life insurance portfolio aimed at simplifying the assessment and quantification of the impact of financial stress scenarios on the insurer’s solvency. In fact, using the current practice based on an internal model is timeconsuming and thus it is not relevant when it comes to ...
AURORE MERIGUET +3 more
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Ben Graham’s Net Current Asset Values: A Performance Update
Financial Analysts Journal, 1986(1986). Ben Graham’s Net Current Asset Values: A Performance Update. Financial Analysts Journal: Vol. 42, No. 6, pp. 40-47.
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