Do the Best Equity Fund Managers Follow the Bond Market?
There is an old adage on Wall Street: To succeed as an…
Can Tracking Error Boost Index Funds’ After-Tax Returns?
Investors tend to view an index fund’s tracking error in a purely…
Bitcoin Mining and Local Stock Market Performance Correlations
Crypto is an uncorrelated asset class, according to its proponents, and as…
Short Squeezes: A Four-Factor Model
Anticipating and riding short squeezes has grown in popularity as an investment…
What Can AI Do for Investment Portfolios? A Case Study
Artificial intelligence (AI)-based strategies are being increasingly applied in investing and portfolio…
Growth, Value, and Skewness: Are Growth Stocks a Lottery-Like Bet?
Skewness in asset returns is a perplexing phenomenon and evokes different behavior…
COVID-19 Correlations: Local Cases, Local Returns?
That local mood affects local stock returns is a longstanding truism of…
Digital Gold or Fool’s Gold: Is Crypto Really a Hedge against Equity Risk?
Crypto enthusiasts often claim that digital coins and tokens are uncorrelated with…
How Sharp Is the Sharpe Ratio? An Analysis of Global Stock Indices
Investors across the globe use the Sharpe Ratio, among other risk-adjusted metrics,…
