Bewertungsmaß für den Aktienmarkt. (German) (cover story)

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    • Alternate Title:
      Valuation Measures for the Stock Market. (English)
    • Abstract:
      The article discusses the use of Tobin's Q ratio as a mathematical model in capital investment analysis, particularly with regard to stocks. Issues considered in detail include the role of the Q ratio in determining the performance of the U.S. stock market, fluctuations in the valuation of the Dow Jones Industrial Average (DJIA), and the value of the Q ratio in forecasting opportune moments for the sale of securities.