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Regular version of the site

Working paper

How Well do Analysts Predict Stock Prices? Evidence from Russia.

Sergey Proskurin, Penikas H. I.
In this research we propose an empirical methodology of investigating the successfulness of financial analysts' recommendations on buying or selling stocks of the Russian public companies. Results reveal that only 56% of all studied recommendations were successful (or not unprofitable). These results comes along with theoretical predictions published recently.