id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
fsr-3916	Chung, Richard; Kryzanowski, Lawrence	Market timing using strategists’ and analysts’ forecasts of S&P 500 earnings per share	2000	20	.pdf	application/pdf	10365	440	55	A reexamination of analysts earnings forecasts for takeover targets. 137R. Chung, L. Kryzanowski / Financial Services Review 9 (2000) 125–144 Table 4 Summary statistics for performance, risk and activity for portfolios actively managed using the current E/P return prediction and premium approaches and consensus earnings forecasts Panel A: Various portfolio statistics for timing portfolios using current E/P return prediction approach Type of consensus forecast of earnings per share used Statistica Natural Habitate Stockf Cashf Nonef Noneg Consensus top-down forecasts of earnings per share for FY1 by strategists Meanb 20.0011 20.0020 20.0011 20.0020 Medianb 20.0017 20.0041* 20.0024 20.0030 # of switchesc 8 9 6 10 Betad 0.940 0.830 0.890 0.890 Consensus top-down forecasts of earnings per share for FY2 by strategists Mean 20.0001 0.0003 0.0001 0.0011 Median 0.0006 20.0048** 0.0004 20.0039* # of switches 2 8 2 18 Beta 0.995 0.491 0.973 0.794 Consensus bottom-up forecasts of earnings per share for FY1 by analysts Mean 20.0006 20.0009 20.0007 20.0006 Median 20.0001 20.0007 20.0005 20.0003 # of switches 4 5 4 4 Beta 0.973 0.950 0.968 0.954 Consensus bottom-up forecasts of earnings per share for FY2 by analysts Mean 20.0001 0.0004 20.0001 20.0001 Median 0.0006 0.0004 0.0006 0.0006 # of switches 2 3 2 2 Beta 0.995 0.977 0.995 0.995 Consensus top-down forecasts of strategists and bottom- up forecasts of analysts for earnings per share for FY1 (switches occur only if both screens are satisfied)	cache/fsr-3916.pdf	txt/fsr-3916.txt