The objective of this exercise was to examine the performance of 885 stocks listed on the Bursa Malaysia. The analysis was based on their Price to Earnings (PE), Price to Book (PB), Dividend Yield (DY), and Debt to Equity ratio (DE), during the Covid-19 pandemic from January to early-June 2020. Three different phases or ranges were presented. Range 1, the sell-down period spanned from the beginning of January to mid-March; Range 2, the rebound period spanned from mid-March to early June; and Range 3, the pandemic sell-down and rebound period from January to June. The results showed that neither high nor low ratios consistently outperformed each other in different periods. The only consistent result was investors tend to prefer low DE during the entire period.
The video is the summary of this research. The research paper was published in CFA ARX on 30 June 2020 (Read more here). Engineering2Finance is the main author of the paper.
The infographics in the video were first appeared in MPCA's blog (Read more here), where engineering2finance is the co-author as well.
