The Finite Horizon Expected Return Model
- 1 May 1997
- journal article
- Published by Taylor & Francis in CFA Magazine
- Vol. 53 (3) , 52-61
- https://doi.org/10.2469/faj.v53.n3.2084
Abstract
The finite horizon expected return model (FHERM), a new method for estimating the expected return on a share, states that (1) forecasts of abnormal performance have a finite horizon, N, beyond whic...This publication has 20 references indexed in Scilit:
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