Objective research to aid investing decisions

Value Investing Strategy (Strategy Overview)

Allocations for January 2022 (Final)

Momentum Investing Strategy (Strategy Overview)

Allocations for January 2022 (Final)
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Investing Research Articles

3098 Research Articles

The Ignored-by-the-MSM (Information Risk) Premium?

…there is an “information risk premium” such that stocks not covered by the news media yield significantly higher future returns than stocks heavily covered, even after accounting for other widely used risk factors.

Hedge Fund Stock Picking and Trade Timing

…hedge fund managers seem to be no better at long-equity investing than mutual fund managers; they do not outperform the market.

The Buyback Indicator Still Going Strong?

…share repurchase announcements persist as good indicators of stock undervaluation, most significantly amplified by poor returns over the prior six months.

Whose Sentiment Matters, and for What Horizon?

…the sentiment of institutional (private) investors probably has some (no) value in predicting stock market returns over a six-month horizon.

Enhancing the Value Premium Via P/E Analysis

…an investment strategy based on extreme P/Es calculated with an extended earnings history and concentrated by stripping out market, industry and style factors offers extreme returns.

The Stock Supply Cycle

…there is a cycle of cash flow between companies and investors, as the former first sell shares, then buys the shares of other companies and finally buys back their own shares.

Herb Greenberg: The Short Circuit?

…Herb Greenberg successfully identify stocks that, on average, underperform the market. However, the high variability of returns for these stocks continues to make trading on “Greenberg mentions” extremely risky.

Institutional Herding and the Value Premium

…institutional herding on hope and fear drives overvaluation (undervaluation) of growth (value) stocks, leading to their future reversals of fortune.

Loss of Momentum?

…the stock return momentum effect wasn’t there, then it was there for a long time, and now it’s gone.

Recent Evidence on Individual Investor Performance

…it is very difficult for individual investors to beat the market. Infrequent trading and lower-risk holdings have been key to relative outperformance since 2000.