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3542 Research Articles

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.

The Timing (In)Ability of Mutual Fund Investors

Do mutual fund investors move their money into and out of the stock market at the right times, or the wrong times? In their August 2006 paper entitled “Mutual Fund Flows and Investor Returns: An Empirical Examination of Fund Investor Timing Ability”, Geoffrey Friesen and Travis Sapp examine the flows of funds to/from individual mutual… Keep Reading

Technical Analysis as Folk Medicine

…the incorporation of folk medicine by pharmacology offers a model for bringing technical analysis into the financial economics fold.