…to value as a factor, Greenblatt argued that it is typically defined in terms of low price-book and low price-sales but emphasized that his firm doesn’t view it that way….
Search Results for: factor
The Best Fund Managers of 2018
…little in common.” But it adds that a common thread is present: “Owning stocks for the long term and reaping rewards only after many years may be the single factor…
The Case Against Value Stocks
…amount of money chasing value stocks continues to rise. I have lost count of the number of factor-based funds that use some sort of value system and large firms like…
Most Read Posts on Validea’s Guru Investor
Below are links to our most popular posts for this week on Validea’s Guru Investor blog.- [1] Some Thoughts on Multi-Factor Investing [2] The O’Shaughnessy Approach: Guarding Against Narrative-Loving Humans…
Some Thoughts on Multi-Factor Investing
…add additional factors, including some like the correlation factor WisdomTree uses that are outside of the standard factors. And once you select the factors, you then have the issue of…
Most Read Posts on Validea's Guru Investor
Below are links to our most popular posts for this week on Validea’s Guru Investor blog.- [1] Five Questions: Multi-Factor Investing with Liqian Ren [2] John Bogle: Passing of an…
The O'Shaughnessy Approach: Guarding Against Narrative-Loving Humans
…(annual dividend) and its buyback yield (annual rate of stock buybacks);” Formulaic weighting of the portfolio, “which allocates to stocks based on a ranking of their factor profiles.” The article…
Investors Getting More Comfortable with Factor Investing
…more than 300 institutional and wholesale factor investors. “However,” the article continues, “the Invesco study highlighted that nearly half of the investors adopted factor investing for the first in 2015…
Five Questions: Multi-Factor Investing with Liqian Ren
…factor timing: fundamental-based factor timing or exogenous information-based factor timing. Fundamental-based factor timing relies on fundamental measures such as value, momentum, or quality of a factor. Factor momentum and factor…
Study Claims That the Momentum Factor Doesn't Work
A new study from Dimensional Fund Advisors concludes that fund managers “can’t find a way to profit” from the momentum factor, according to an article in Institutional Investor. The study,…