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Investing Research Articles

3208 Research Articles

Spam Spasms: This Stock Ready to Explode!

…investors/traders who take the advice of spam stock touts are likely to lose big and fast.

Buying and Selling Noise?

…small capitalization value investing works by systematically buying negative noise and selling positive noise.

Hedge Fund Success: Timing or Stock Picking?

…equity hedge funds generate alpha by stock picking, not market timing.

Hedge Funds Strongest Around the Turns of Odd Years?

…hedge funds in aggregate perform best around the turn of the year and during odd-numbered years. This seasonality is little different from that of the overall stock market.

Dynamics of Size and Value Investing

…as a corollary to mean reversion of firm profitability, asymmetries in small-big and value-growth stock migrations drive the size effect and the value premium.

Synthetic Hedge Funds?

…relatively simple clones based on exchange-traded instruments perform well enough to be considered as liquid, transparent, scalable and low-cost alternatives to hedge funds for many fund styles.

Which Financial Performance Measure Best Fits Stock Valuation?

…operating earnings forecasts are the best simple indicator of stock market valuation.

Risky Stocks + Short Sellers = Low Returns

…high short interest alone does not predict abnormally low future returns. Rather, high short interest for stocks that are particularly risky to trade (high idiosyncratic volatility) predicts low future returns.

Momentum Strategies Sputtering?

…there are a lot of twists and turns to momentum strategy returns. Momentum players should pay attention to the subtleties.

A Republican Risk Premium?

…a pro-Democrat/anti-Republican bias in the mainstream media may affect the economic risk perception of some investors/potential investors, thereby affecting stock valuations.