Andrew Stotz

Last updated

Andrew Stotz, CFA is a former president of the CFA Society Thailand [1] and is one of Thailand's award-winning equity analysts. He is also the founder and CEO of A. Stotz Investment Research (ASIR), [2] a financial services company based in Bangkok, Thailand. Prior to launching ASIR he had spent 20 years working global investment banks in Asia. He has also been a university lecturer in finance for more than two decades and is a co-founder of CoffeeWORKS Co. Ltd., Thailand's specialty coffee roaster.

Contents

Education

He graduated with a Bachelor of Science degree in finance and an MBA from California State University. He earned his Ph.D. in finance at the University of Science and Technology of China, in Hefei, Anhui province.

Career

Andrew Stotz is the founder and current CEO of A. Stotz Investment Research (ASIR), providing institutional investors and fund managers with financial services such as valuation, stock selection, and portfolio creation in Asian markets, based on the proprietary FVMR methodology. The methodology is aimed to not only favor one style such as value or growth, but instead considers four elements Fundamentals, Valuation, Momentum, and Risk—FVMR. In addition, Stotz is a former president of the CFA Society of Thailand, a public speaker on topics such as investing, valuation, and management related to Dr. Deming's teachings. Since 2016, Stotz and ASIR have made much of their research free and publicly available through their initiative Become a Better Investor. [3] In 2017, Stotz started the Valuation Master Class with an aim to help young people build great careers in finance. In 2019, more than 1,000 students from more than 30 countries had entered the Valuation Master Class. [4]

In 2013, Andrew Stotz retired from a 20-year career as an equity analyst at various investment banks in Thailand to set up ASIR. His last position was as a portfolio strategist and managing director of the International Business Department at Maybank Kim Eng Securities (Thailand).

He is a recognized public speaker and commentator on matters of investing in Thailand and Asia in general, invited and quoted by Bloomberg, US News, The Star and other regional and global news outlets. [5] "4 Stock Sectors to Watch in 2016 - Mutual Funds". U.S. News & World Report. 2015-12-03. Retrieved 2020-05-23. [6] [7] [8]

Books

SSRN publications

Private life & family

Andrew Stotz is the grandson of architect, architectural historian, and preservationist Charles Morse Stotz, and the great grandson of a notable Pittsburgh architect Edward Stotz.

Related Research Articles

<span class="mw-page-title-main">Finance</span> The academic discipline studying businesses and investments

Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, which is the study of production, distribution, and consumption of money, assets, goods and services . Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance.

<span class="mw-page-title-main">Stockbroker</span> Professional who buys and sells shares for others

A stockbroker is an individual or company that buys and sells stocks and other investments for a financial market participant in return for a commission, markup, or fee. In most countries they are regulated as a broker or broker-dealer and may need to hold a relevant license and may be a member of a stock exchange. They generally act as a financial advisor and investment manager. In this case they may also be licensed as a financial adviser such as a registered investment adviser.

<span class="mw-page-title-main">Valuation (finance)</span> Process of estimating what something is worth, used in the finance industry

In finance, valuation is the process of determining the value of a (potential) investment, asset, or security. Generally, there are three approaches taken, namely discounted cashflow valuation, relative valuation, and contingent claim valuation.

In finance, a growth stock is a stock of a company that generates substantial and sustainable positive cash flow and whose revenues and earnings are expected to increase at a faster rate than the average company within the same industry. A growth company typically has some sort of competitive advantage that allows it to fend off competitors. Growth stocks usually pay smaller dividends, as the companies typically reinvest most retained earnings in capital-intensive projects.

In financial markets, stock valuation is the method of calculating theoretical values of companies and their stocks. The main use of these methods is to predict future market prices, or more generally, potential market prices, and thus to profit from price movement – stocks that are judged undervalued are bought, while stocks that are judged overvalued are sold, in the expectation that undervalued stocks will overall rise in value, while overvalued stocks will generally decrease in value. A target price is a price at which an analyst believes a stock to be fairly valued relative to its projected and historical earnings.

<span class="mw-page-title-main">Value investing</span> Investment paradigm

Value investing is an investment paradigm that involves buying securities that appear underpriced by some form of fundamental analysis. The various forms of value investing derive from the investment philosophy first taught by Benjamin Graham and David Dodd at Columbia Business School in 1928, and subsequently developed in their 1934 text Security Analysis.

The Chartered Financial Analyst (CFA) program is a postgraduate professional certification offered internationally by the American-based CFA Institute to investment and financial professionals. The program teaches a wide range of subjects relating to advanced investment analysis—including security analysis, statistics, probability theory, fixed income, derivatives, economics, financial analysis, corporate finance, alternative investments, portfolio management—and provides a generalist knowledge of other areas of finance.

Contrarian investing is an investment strategy that is characterized by purchasing and selling in contrast to the prevailing sentiment of the time.

William H. Miller III is an American investor, fund manager, and philanthropist. He served as the chairman and chief investment officer of Legg Mason Capital Management as well as the principal portfolio manager of the Legg Mason Capital Management Value Trust. He is the portfolio manager of the former Legg Mason Opportunity Trust mutual funds, now housed at his own firm Miller Value Partners.

<span class="mw-page-title-main">Fed model</span> Disputed equity valuation model

The "Fed model" or "Fed Stock Valuation Model" (FSVM), is a disputed theory of equity valuation that compares the stock market's forward earnings yield to the nominal yield on long-term government bonds, and that the stock market – as a whole – is fairly valued, when the one-year forward-looking I/B/E/S earnings yield equals the 10-year nominal Treasury yield; deviations suggest over-or-under valuation.

Zvi Bodie is an American economist, author and professor. He was the Norman and Adele Barron Professor of Management at Boston University, teaching finance at Questrom for 43 years before retiring in 2015. His textbook, Investments, (with Kane and Marcus) is the market leader and is used in the certification programs of the CFA Institute and the Society of Actuaries. Bodie's work has centered on pension finance and investment strategy. He continues to do consulting work and media interviews.

The following outline is provided as an overview of and topical guide to finance:

Robert (Bob) Arthur Haugen was a financial economist and a pioneer in the field of quantitative investing and low-volatility investing. He was President of Haugen Custom Financial Systems and also consulted and spoke globally.

A financial forecast is an estimate of future financial outcomes for a company or project, usually applied in budgeting, capital budgeting and / or valuation. Depending on context, the term may also refer to listed company (quarterly) earnings guidance. For a country or economy, see Economic forecast.

Sheridan Dean Titman is a professor of finance at the University of Texas at Austin, where he holds the McAllister Centennial Chair in Financial Services at the McCombs School of Business. He received a B.S. degree (1975) from the University of Colorado and an M.S. (1978) and Ph.D. (1981) from Carnegie Mellon University.

Quantitative analysis is the use of mathematical and statistical methods in finance and investment management. Those working in the field are quantitative analysts (quants). Quants tend to specialize in specific areas which may include derivative structuring or pricing, risk management, investment management and other related finance occupations. The occupation is similar to those in industrial mathematics in other industries. The process usually consists of searching vast databases for patterns, such as correlations among liquid assets or price-movement patterns.

The price-to-book ratio, or P/B ratio, is a financial ratio used to compare a company's current market value to its book value. The calculation can be performed in two ways, but the result should be the same. In the first way, the company's market capitalization can be divided by the company's total book value from its balance sheet. The second way, using per-share values, is to divide the company's current share price by the book value per share. It is also known as the market-to-book ratio and the price-to-equity ratio, and its inverse is called the book-to-market ratio.

Jeremy James Siegel is the Russell E. Palmer Professor of Finance at the Wharton School of the University of Pennsylvania in Philadelphia, Pennsylvania. Siegel comments extensively on the economy and financial markets. He appears regularly on networks including CNN, CNBC and NPR, and writes regular columns for Kiplinger's Personal Finance and Yahoo! Finance. Siegel's paradox is named after him.

Factor investing is an investment approach that involves targeting quantifiable firm characteristics or “factors” that can explain differences in stock returns. Security characteristics that may be included in a factor-based approach include size, low-volatility, value, momentum, asset growth, profitability, leverage, term and cost of carry.

Style drift occurs when a mutual fund's actual and declared investment style differs. A mutual fund’s declared investment style can be found in the fund prospectus which investors commonly rely upon to aid their investment decisions. For most investors, they assumed that mutual fund managers will invest according to the advertised guidelines, this is however, not the case for a fund with style drift. Style drift is commonplace in today’s mutual fund industry, making no distinction between developed and developing markets according to studies in the United States by Brown and Goetzmann (1997) and in China as reported in Sina Finance.

References

  1. ↑ "Leadership". www.cfasociety.org.
  2. ↑ "About". A. Stotz Investment Research. Retrieved 2016-04-01.
  3. ↑ "Home". Become a Better Investor.
  4. ↑ "Home". Valuation Master Class.
  5. ↑ "Stotz Says Bangkok Bombing Unlikely to Be Political Strike". Bloomberg. 2015-08-18. Retrieved 2020-05-23.
  6. ↑ "Stotz on global investments | The Star". www.thestar.com.my.
  7. ↑ News, ABS-CBN. "Why you should invest in 'boring' stocks". ABS-CBN News.{{cite web}}: |last= has generic name (help)
  8. ↑ Ky Trang Ho (2015-10-07). "6 Best ETFs To Buy And Hold For The Next Decade From 6 Investment Strategists". Seeking Alpha. Archived from the original on 2016-04-05. Retrieved 2016-04-01.
  9. ↑ How to Start Building Your Wealth Investing in the Stock Market eBook: Stotz, Andrew: Kindle Store . Retrieved 2020-05-23.
  10. ↑ Transform Your Business with Dr.Deming's 14 Points eBook: Stotz, Andrew: Kindle Store . Retrieved 2020-05-23.
  11. ↑ 9 Valuation Mistakes and How to Avoid Them eBook: Stotz, Andrew: Kindle Store . Retrieved 2020-05-23.
  12. ↑ Info . Retrieved 2020-05-23.
  13. ↑ Stotz, Andrew; Lu, Wei (July 17, 2014). "Ten Stocks are Enough in Asia". SSRN   2461115.
  14. ↑ Stotz, Andrew; Lu, Wei (September 10, 2014). "Eight Stocks are Enough in China". SSRN   2494137.
  15. ↑ Stotz, Andrew; Lu, Wei (November 24, 2015). "Financial Analysts Were Only Wrong by 25%". SSRN   2695216.
  16. ↑ Stotz, Andrew (May 29, 2016). "An Empirical Study of Financial Analysts Earnings Forecast Accuracy". SSRN   2943146.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.