Stock valuation is the vision instrument for any equity investment journey. A valuation methodology is useful if its key assumptions operate in the market persistently. Thus, there is a need to investigate if stocks indeed react to the factors assumed in the various pricing models. One of our main tasks is to empirically undertake this task by digging into the cross section of the Philippine market. Cross-sections are the various ways we can group the stocks aside from treating them as a whole market.
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