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Are more factors better for predicting stock market returns? In their April 2025 paper entitled "The Limited Virtue of Complexity in a Noisy World", Álvaro Cartea, Qi Jin and Yuantao Shi analyze the interactions between stock factor noisiness ...

Does the Memorial Day holiday signal any unusual U.S. stock market return effects? By its definition, this holiday brings with it any effects from three-day weekends and sometimes the turn of the month. Prior to 1971, the U.S. celebrated Memorial Day ...

Should a long-only equity investor seeking exposure to the size factor (stocks with small market capitalizations tend to outperform) and the value factor (stocks that are cheap with respect to fundamentals tend to outperform) choose two distinct ...

Below is a weekly summary of our research findings for 5/12/25 through 5/16/25. 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 ...

Are stock and sector momentum strategies, as implemented by exchange-traded funds (ETF), attractive? To investigate, we consider nine momentum-oriented equity ETFs, all currently available, in order of longest to shortest available histories: Invesco ...

What are the implications of stock trading volume spikes for near-term returns? In their February 2025 paper entitled "Volume Shocks and Overnight Returns", Álvaro Cartea, Mihai Cucuringu, Qi Jin and Mungo Wilson study the effects of stock trading ...

Can investors exploit the definition of conventional 12-2 stock momentum (long the tenth, or decile, of stocks with the highest returns from 12 months ago to two months ago and short the decile with the lowest) to form more persistent momentum ...

The Inflation Forecast now incorporates actual total and core Consumer Price Index (CPI) data for April 2025. The actual total (core) inflation rate is lower than (lower than) forecasted. The post Inflation Forecast Update appeared first on CXO ...

Do individual investors trade carefully and cautiously, or do they make snap judgments? In their March 2025 paper entitled "The Research Behavior of Individual Investors", Toomas Laarits and Jeffrey Wurgler employ browser histories for an ...

What is the state of formal research on cryptocurrency investment strategies? In his April 2025 paper entitled "Quantitative Alpha in Crypto Markets: A Systematic Review of Factor Models, Arbitrage Strategies, and Machine Learning Applications",