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Investing Research Articles

3272 Research Articles

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.

Net Flow of Cash from Company to Investors as a Return Indicator

…investors should augment dividends with measures of stock repurchases and issuances when relating equity yields to expected returns.

What Puts Brits in the Mood (for Buying or Selling Stocks)?

…there is no reliable weather-sun-moon risk premium.

Fear Factor?

…implied or expected volatility (VIX) should tentatively be viewed as a fifth factor in modeling stock returns because it affects them both directly in a multi-factor model and indirectly through the other risk factors.

Rise of the Machines? Attack of the Clones?

…only about 20% of all hedge funds have produced after-fee returns that clearly beat those of statistical replicants that mechanically trade a basket of liquid futures contracts.

Bear Claus

As the esteemed, erudite chorus of the downside constantly reminds us, Bear Claus…

The Quarterly Earnings Forecast Walk-Down

…analysts tend to walk their earnings forecasts down as release of actuals approaches, and this walk-down effect is stronger for analysts that have good relationships with management.