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Notices
VA
Vitor Azevedo (not verified)
3rd December 2020 | 8:18am

Hi Harshit,
In Table 4 of the paper (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3705141), we show the risk-adjusted returns of a strategy based on analyst recommendations for emerging markets.

The results show that the strategy is very profitable. The value-weighted (equally-weighted) risk-adjusted returns are 0.64% (0.53%) per month.