Does the Fama-French three-factor model and Carhart four-factor model explain portfolio returns better than CAPM? : - A study performed on the Swedish stock market.
This essay will compare the capital asset pricing model (CAPM), Fama and French threefactor model and Carhart´s four-factor model, to see which of these models that can explain portfolio excess returns best on the Swedish stock market. This thesis will tempt to validate the three and four-factor mod...
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| Format: | Others |
| Language: | English |
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Karlstads universitet, Handelshögskolan
2016
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| Online Access: | http://urn.kb.se/resolve?urn=urn:nbn:se:kau:diva-43784 |