Objective research to aid investing decisions

Value Investing Strategy (Strategy Overview)

Allocations for November 2021 (Final)
Cash TLT LQD SPY

Momentum Investing Strategy (Strategy Overview)

Allocations for November 2021 (Final)
1st ETF 2nd ETF 3rd ETF
Filter Research

Investing Research Articles

3074 Research Articles

Good Deals in Broad Market Index Options?

…investors/traders are generally willing to overpay for insurance and leverage via options, but only the market makers can consistently exploit this willingness.

Making Money with Options Based on Superior Volatility Forecasts

…a market inefficiency with respect to volatility expectations for individual stocks may provide a means to beat the market by using options to trade volatility.

The Options Trading Landscape

…investors/traders write (sell) more options than they purchase and deal much more in calls than in puts. Call writing is mostly hedging, while call purchasing and put writing are mostly speculations on stock prices.

Are Individual Investors Entrepreneurs? If So…

…the persistence of success among some serial entrepreneurs demonstrates that success is not all luck. By similarity, investors/traders who persistently outperform their peers likely have skills in developing superior information about the market.

Diminishing Returns from Hedge Funds? Or Not?

…it seems that hedge funds overall are not exhausting the supply of alpha offered by other players in worldwide equity markets.

Predicting Stock Returns Using Accounting Fundamentals

…investors may want to examine a range of accounting indicators, not just earnings and earnings growth rate, to identify stocks likely to outperform over the long term.

An Equity Risk Premium Opus

…the author provides a comprehensive overview of equity risk premium concepts and values, stressing the mid-20th century break in key financial relationships.

Sell Risk to Growth Investors and Buy It from Value Investors?

…value investors are generally risk avoiders, and growth investors are typically risk seekers. Buying risk from one group and selling it to the other may be profitable.

International Diversification with Small Stocks: A Two-fold Size Effect

…small-capitalization stock funds from other countries offer optimal diversification benefits for investors holding broad U.S. stock market indexes.

Measuring Investor/Trader Risk Aversion

…when investors/traders are depressed, as measured by the gap between implied volatility and historical volatility, so are stock prices.