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Investing Research Articles

3540 Research Articles

Does Technical Trading Work for Certain Kinds of Stocks?

…technical trading is more likely to be successful when applied to small-capitalization and illiquid stocks.

Stock Price Impacts of Management Changes

…past research indicates that there may be a good short-term price trade (but watch out for frontrunning) and a good longer-term volatility play for forced resignation of a CEO with replacement by an outsider.

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.