…to expect using factor strategies. Then I moved on to thinking ten years was a more appropriate time frame to judge them. Now I think it is longer than that….
Search Results for: factor
Factoring in Earnings Revisions
…are still revising earnings upward. As she points out, the “earnings revision factor” has been one of the best performing factor-based approaches this year and it organically combines both value…
Lu Zhang On The Evolution of Asset Pricing Models And His First Principles Approach to Improve Them
Asset pricing models have evolved significantly over the past several decades. From the Capital Asset Pricing Model to Fama and French’s 3 Factor Model to their more recent 5 and…
Validea’s Jack Forehand Interviewed on Resolve Riffs Podcast
Validea’s Jack Forehand joined the Resolve Riffs YouTube show and podcast on November 12th to discuss factor investing and our approach to building quantitative strategies. Topics covered in the discussion…
The Different Approaches to Multi-Factor Investing
…believe that factor investing, especially the focused form of it, is not appropriate for most investors. The reason is that the excess returns that come with factors come with a…
Sheridan Titman On His Seminal Paper on Momentum Investing and What He Has Learned Since
Momentum was a factor that many academics were very reluctant to embrace. Our guest this week, Sheridan Titman, helped to change that with his 1993 paper “Returns to Buying Winners…
A Look at the Different Approaches to Factor Timing
…with value and momentum, macroeconomic factors can enhance returns. The Challenges of Factor Timing When I ask other factor investors I talk to about factor timing, I typically get two…
What is Your Investment Edge?
…impact of our behavioural limitations. Most factor-based strategies are founded upon such an edge. Emotional – Investors manage and control their emotions, so that their decisions are not overwhelmed by…
European Value Managers Say They Can’t Find Anything To Buy
…manager AJO closed up shop at the end of 2020, claiming that the drought in value was at the root of their challenges—just before the value factor enjoyed a strong…
Balancing Return and Risk in Factor Investing with Harin de Silva
…low volatility. Our guest this week has a more unique approach that is both more granular and dynamic than the typical factor approach and utilizes many unique factors outside of…