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Investing Research Articles

3337 Research Articles

Online, Real-time Test of AI Stock Picking

Will equity funds “managed” by artificial intelligence (AI) outperform human investors? To investigate, we consider the performance of AI Powered Equity ETF (AIEQ). Per the offeror, the EquBot model supporting AIEQ: “…leverages IBM’s Watson AI to conduct an objective, fundamental analysis of U.S. domiciled common stocks, including Special Purpose Acquisitions Corporations (“SPAC”), and real estate… Keep Reading

How Are Robotics-AI ETFs Doing?

How do exchange-traded-funds (ETF) focused on development of robotics-artificial intelligence (AI), an arguably hot area of technology, perform? To investigate, we consider five of the largest such ETFs, all currently available, as follows: Robo Global Robotics and Automation Index (ROBO) ARK Autonomous Technology & Robotics (ARKQ) Global X Robotics & Artificial Intelligence (BOTZ) First Trust… Keep Reading

Commercial and Industrial Credit as a Stock Market Driver

Does commercial and industrial (C&I) credit fuel business growth and thereby drive the stock market? To investigate, we relate changes in credit standards from the Federal Reserve Board’s quarterly Senior Loan Officer Opinion Survey on Bank Lending Practices to future U.S. stock market returns. Presumably, loosening (tightening) of credit standards is good (bad) for stocks. The… Keep Reading

Weekly Summary of Research Findings: 2/21/23 – 2/24/23

Below is a weekly summary of our research findings for 2/21/23 through 2/24/23. These summaries give you a quick snapshot of our content the past week so that you can quickly decide what’s relevant to your investing needs. Subscribers: To receive these weekly digests via email, click here to sign up for our mailing list.

Can Investors Capture Academic Equity Factor Premiums via Mutual Funds?

Do factor investing (smart beta) mutual funds capture for investors the premiums found in academic factor research? In their November 2022 paper entitled “Factor Investing Funds: Replicability of Academic Factors and After-Cost Performance”, Martijn Cremers, Yuekun Liu and Timothy Riley analyze the performance of funds seeking to capture of published (long-side) factor premiums. They group… Keep Reading

Risk Metric That Combines Drawdown and Recovery Time

Is portfolio downside risk better manageable by combining drawdown and recovery into a single “submergence” metric? In their February 2023 paper entitled “Submergence = Drawdown Plus Recovery”, Dane Rook, Dan Golosovker and Ashby Monk present submergence density as a new risk metric to help investors analyze asset/portfolio drawdown and recovery jointly. They define submergence (s)… Keep Reading

Simplified Offensive, Defensive and Risk Mode Identification Momentum Strategy

Can investors achieve attractive asset class momentum strategy performance by applying mixed-lookback interval momentum to different risk-on (offensive) and risk-off (defensive) sets of exchange-traded funds (ETF), and to a separate risk mode identification ETF? In their February 2023 paper entitled “Dual and Canary Momentum with Rising Yields/Inflation: Hybrid Asset Allocation (HAA)”, Wouter Keller and Jan… Keep Reading

Substitute QQQ for SPY in SACEVS and SACEMS?

Subscribers asked whether substituting Invesco QQQ Trust (QQQ) for SPDR S&P 500 (SPY) in the Simple Asset Class ETF Value Strategy (SACEVS) and the Simple Asset Class ETF Momentum Strategy (SACEMS) improves outcomes. To investigate, we substitute monthly QQQ dividend-adjusted returns for SPY dividend-adjusted returns in the two model strategies. We then compare the modified… Keep Reading

Weekly Summary of Research Findings: 2/13/23 – 2/17/23

Below is a weekly summary of our research findings for 2/13/23 through 2/17/23. These summaries give you a quick snapshot of our content the past week so that you can quickly decide what’s relevant to your investing needs. Subscribers: To receive these weekly digests via email, click here to sign up for our mailing list.

Performance of Barron’s Annual Top 10 Stocks

Each year in December, Barron’s publishes its list of the best 10 stocks for the next year. Do these picks on average beat the market? To investigate, we scrape the web to find these lists for years 2011 through 2022, calculate the associated calendar year total return for each stock and calculate the average return… Keep Reading