Podcast: The Benefits of ESOPs for Business Owners and Investment Advisors (Wes & Doug)
Here is a link to our podcast on Behind the Markets In this episode of Behind the Markets hosts Wes Gray & Doug Pugliese take [...]
What the CFOs Think About the Equity Premium in 2018
Professors John Graham and Campbell Harvey consistently put out great research. One of their innovations in financial research is their annual CFO survey (we've covered [...]
Systematic Investment Strategies are Hot. But What Happens Next?
Systematic Investment Strategies Daniel Giamouridis (Co-editor of FAJ) Financial Analysts Journal A version of this paper can be found here Want to read our summaries of [...]
Tail Risk Hedging: An Alternative Approach to Risk Management
This article proposes tail risk hedging (TRH) as an alternative model for managing risk in investment portfolios. The standard risk management approach involves a significant [...]
Timing Country Exposure with Value: A Valuation Measure Horserace
Buy cheap. This is a motto many live by, not only in their daily lives but also in their investment philosophy. Historically, "buying cheap" stocks [...]
DIY Asset Allocation Weights: April 2018
Do-It-Yourself tactical asset allocation weights for the Robust Asset Allocation Index are posted here.[ref] Create a free account here if you want to access the site directly. The [...]
How to Perform Investment Sentiment Analysis on Twitter
Company Event Popularity for Financial Markets using Twitter and Sentiment Analysis Mariana Daniel, Rui Ferreira Neves, Nuno Horta Expert Systems with Applications, 2017 A version [...]
Podcast: The History of High-Frequency-Trading with Babulak and Sadowski (Wes)
Here is a link to our podcast on Behind the Markets In this episode of Behind the Markets Podcast hosts Jeremy Schwartz and Wes Gray [...]
Alpha Architect to Launch Long/Short Cryptocurrency ETF
Alpha Architect has announced they'll be releasing a cryptocurrency ETF. Photo by Andre Francois on Unsplash When asked for details around the methodology, [...]
#Women in Finance Know Stuff: A Conversation with Renee Yao
Today, we are interviewing Renee Yao, Founder and CEO of Neo Ivy Capital. We started our conversation by comparing notes on the very limited number [...]
Risk-Based Explanations for the Momentum Premium
Most of the literature on the momentum factor has focused on behavioral explanations, generally either investor underreaction or overreaction. For example, in his paper “Explanations [...]
Investing in IPOs? Look at IPOs from Firms with More SEC Comment Letters
The oversight role of regulators: evidence from SEC comment letters in the IPO process Bing Li and Zhenbin Liu Review of Accounting Studies A version [...]
Democratize Quant 2018 Recap and Educational Materials
This past week we had the honor of hosting the first annual "Democratize Quant Conference" with our friends at Villanova University (a link to the [...]
Momentum Everywhere, Including in Factors
Momentum is the tendency for assets that have performed well (poorly) in the recent past to continue to perform well (poorly) in the future, at [...]
Podcast: Eric Balchunas’s Adventures in ETF Land (Wes)
Here is a link to our podcast on Behind the Markets ETF guru Eric Balchunas discusses his adventures in the ETF industry and where he [...]
Stock Buybacks are Bad? What About the Alternative — Investment
Recently there has been a fairly active discussion within the financial media on the topic of stock buybacks, or share repurchases. This is probably due [...]
STEM Parents and Women in Finance
STEM Parents and Women in Finance Renee Adams, Brad Barber and Terrance Odean Financial Analyst Journal, forthcoming A version of this paper can be found here Want [...]
Is The US Stock Market Overvalued? Depends on which Model You ask
When stock prices reach a new high, investors start asking the question: Are stocks overvalued? To answer this question, investors have developed several alternative equity [...]
Do Relative-Value Strategies Beat Traditional Systematic Value Investing Strategies?
Readers often send us great questions related to different ideas on systematic value strategies. The outcome of years of back and forth with readers and [...]
Worried about extreme down markets? Consider formal portfolio risk models.
Do risk management practices work? Evidence from hedge funds Gavin Cassar and Joseph Gerakos Review of Accounting Studies A version of this paper can be [...]