The pitfalls of using short-interval betas for long-run investment decisions

We investigate empirical relationships between beta, the Treynor ratio, and the investment horizon for portfolios of small stocks, large stocks, and bonds. Betas and Treynor ratios are computed for holding periods of 1 to 30 years. For both the stock and bond portfolios, beta and the Treynor ratio c...

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Bibliographic details
Volume: 11
Main Author: Hodges, Charles W
xTaylor, Charles W
Yoder, James A
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: Atlanta Financial Services Review 22.03.2002
Academy of Financial Services
published in: Financial services review (Greenwich, Conn.) Vol. 11; no. 1; p. 85
Data of publication: 20020322
ISSN: 1057-0810
1873-5673
EISSN: 1873-5673
Discipline: Business
Subjects:
Online Access: Fulltext
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