by Nicolas Rabener | Feb 17, 2025 | Uncategorized
Is it Profitable to Invest in Profitable Firms? Comparing stocks with positive versus negative earnings. February 2025. Reading Time: 10 Minutes. Author: Abhik Roy, CFA. SUMMARY The profitability of U.S. stocks has declined over the last two decades The number of...
by Nicolas Rabener | Feb 10, 2025 | Uncategorized
A Horse Race of Low-Beta Equity Strategies Low beta is not low risk February 2025. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Not all low-beta strategies offer lower risk than the stock market Most have generated lower Sharpe ratios than the stock...
by Nicolas Rabener | Feb 3, 2025 | Uncategorized
Complexity is the Enemy of Investing A case study of a poorly designed portfolio from the world´s largest asset manager February 2025. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Financial experts create complex portfolios to justify their fees However,...
by Nicolas Rabener | Jan 27, 2025 | Uncategorized
Factor Exposure Analysis 110: Long-Short vs Long-Only Factors Long-short versus long-only factors January 2025. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY The belief in factor investing is based on research featuring long-short factors However, almost...
by Nicolas Rabener | Jan 20, 2025 | Uncategorized
Equal versus Market Cap-Weighted Stock Market Indices And the winner is? January 2025. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Equal-weighted stocks outperformed market cap-weighted stocks in 8/10 decades They were also more volatile, but generated...
