The Long and Short of Factor Investing
The Long and Short of Factor Investing

By Jack Forehand, CFA, CFP® (@practicalquant) — Most of us who build factor-based portfolios rely on academic research as the underpinning of our strategies. And that makes a lot of sense. If we…

Revisiting The Five-Factor Model
Revisiting The Five-Factor Model

Nearly 30 years ago, Eugene Fama and Kenneth French introduced their three-factor model, augmenting the capital asset pricing model (CAPM) with small minus big (SMB) and high minus low (HML).…

Generating Alpha From Hidden Earnings Data
Generating Alpha From Hidden Earnings Data

A new research paper co-authored by professors at the MIT Sloan School of Management and Harvard Business School purports that even the most expert analysts overlook a number of off-the-income-statement…