Research and Markets: OmniVision Technologies(OVTI) - Quantitative Valuation Report
Company Name, Mar 09, 2003 (M2 PRESSWIRE via COMTEX) -- OmniVision Technologies
Now you, as an individual investor or investment professional, can have access
to the same tools used by equity fund and portfolio managers as they deal with
billions of dollars in assets every business day. Our ongoing cooperative
research program, involving economists and financial theorists at Yale
University and our own development team, has forged a solid bridge between the
academic world and the marketplace. Thus armed with the freshest concepts and
ideas, the ValuEngine team tests new theories and works out practical
applications for them. We can say without fear of contradiction that there is no
asset valuation and forecasting system in use today that is the equal of
ValuEngine.
Table of Contents
1. Valuation Overview, 2. ValuEngine Rating, 3. Fair Value, 4.
Investment-Style Rating, 5. Return Forecasts, 6. Market Ratio-Based Valuation,
7. Quantitative Summary, 8. Comparisons, 9. Earnings Report, 10. Analyst
Expectations, 11. Annual Financials, 12. Quarterly Financials
For a complete index of this report click on
www.researchandmarkets.com/reports/14908Independent, numbers-based, objective Equity Research
Use this report to help to :
- Optimize your equity portfolio for the best risk/return ratio.
- Forecast equity portfolio's value next year.
- Find a fair value for stocks and forecast their future prospects.
- Determine the chances of gain or loss on current holdings.
- Find momentum & volatility ranks for stocks.
"Yale finance professor Dr. Zhiwu Chen has done an excellent job of transforming
academic research and rigorous mathematics into a practical investing tool. The
valuation model combines 12-month trailing EPS, consensus analyst estimates, and
the 30-year Treasury yield to come up with a fair value price for any stock.
Then its forecast model uses common market trends such as momentum and price
reversals, and runs simulations to determine the most probable price outcomes
over three years." - Forbes
Note on the Models used to create the reports:
These company reports employ many proprietary models, which were adapted from
innovative concepts in finance theory generated both in academia and from Wall
Street practice. Each of the four ValuEngine models represents the
state-of-the-art in valuation, forecasting technologies:
1) The VE Stock Valuation Model 2) The VE Stock Forecast Model 3) The VE
Portfolio Advisor Model 4) The VE Portfolio Forecast Model
The ValuEngine Stock Valuation Model
The ValuEngine Stock Valuation Model was derived from the recent research and
findings of Dr. Zhiwu Chen, Professor of Finance, Yale University, and his
co-authors. The model is more sophisticated than traditional valuation models
and outperforms its peers by employing a three-factor approach to stock
valuation. Fundamental variables such as a company's trailing 12-month
Earnings-Per-Share (EPS), the analyst consensus estimate of the company's future
12-month EPS, and the 30-year Treasury yield are all combined and used to create
a more accurate reflection of a company's fair value. Armed with these framework
features, the Model then paints a detailed picture of a company's fair value,
which is represented by the "model price."
The ValuEngine Stock Forecast Model
The predictive variables used in the forecasting models include both proprietary
and well-established forecasting variables derived from credible financial
research studies and publications. They use a distinct forecasting model for
each forecasting horizon and every industry. The forecasting models capture,
among other things, several important tendencies that stock prices consistently
exhibit: Short-term price reversals Intermediate-term momentum continuation
Long-term price reversal s. They then apply the most advanced
statistical/econometric techniques to ensure that the stock return forecasts are
as reliable as possible. In addition, they have a realistic econometric model
for assessing a stock's and a portfolio's future return prospects. This
econometric model involves running thousands of simulations to estimate the
probability of a double in stock price as well as the probability of meeting and
exceeding any given investment target by a stock or a portfolio of stocks.
The ValuEngine Portfolio Forecast Model
The PortfolioForecast tool arrives at projections by utilizing forecasting
models to estimate future returns for the individual stocks in a portfolio.
After computing the future return forecasts for each stock, they then run
thousands of concurrent simulations for all of the stocks in a given portfolio
(subject to various econometric requirements). The thousands of simulated price
paths created by this process form the basis for the PortfolioForecast
projections. Finally, the PortfolioForecast tool calculates the most likely
return forecast from the thousands of simulated outcomes.
The ValuEngine Portfolio Advisor Model
The ValuEngine PortfolioAdvisor enables you to specify the following portfolio
objectives: Maximize the chance of meeting or exceeding an investment target;
Minimize the chance of loss; Both of the above.
Choosing the first option will prompt PortfolioAdvisor to create an aggressive
yet risky portfolio. Choosing the second option will prompt PortfolioAdvisor to
search for a conservative mix of stocks that will seek to preserve capital.
Choosing the third option will prompt PortfolioAdvisor to create a balanced
portfolio that will seek to both maximize potential gains and minimize potential
losses. Once you have specified an investment objective, PortfolioAdvisor will
utilize our forecasting models to estimate future returns for the individual
stocks in your portfolio. PortfolioAdvisor will then examine tens of thousands
of possible capital allocation plans distributed across the stocks of your
choice. From the results of these simulations, PortfolioAdvisor will identify
and display the most favorable stock allocation for your portfolio.
Additionally, PortfolioAdvisor will inform you of the exact number of shares to
buy or sell of each stock so that the resulting portfolio will maximize your
chances of maximizing gain, minimizing loss, or both.
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