Value Anomaly
The finding of a positive relationship between the book value to price ratio and future returns, with high book-to-price stocks generating superior risk-adjusted returns.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
Where this is taught
Free preparation for NISM Series XIX-C← All terms