Aggregate Asset Growth as a Stock Market Indicator
May 15, 2014 - Fundamental Valuation, Sentiment Indicators
Research (see “Asset Growth Rate as a Return Indicator” and “Asset Growth a Bad Sign for Stocks Everywhere?”) indicates that stocks of firms with high asset growth rates tend subsequently to underperform the market. Does this finding translate to the overall stock market? In the April 2014 version of his paper entitled “Asset Growth and Stock Market Returns:… Keep Reading