by Nicolas Rabener | May 1, 2023 | Uncategorized
Upside versus Downside Stocks There is more upside in downside, and more downside in upside stocks than expected. April 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Stocks can be ranked by their upside and downside betas to the S&P 500 Results...
by Nicolas Rabener | Apr 24, 2023 | Uncategorized
Downside Betas vs Downside Correlations Quantifying the diversification benefits of alternative strategies April 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Investors typically use correlation to identify diversifying strategies, but the metric...
by Nicolas Rabener | Apr 17, 2023 | Uncategorized
Portfolio Allocations vs Risk Contributions What’s driving my portfolio? April 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Most investors analyze investment products based on their holdings However, holdings often misportray of what is...
by Nicolas Rabener | Apr 10, 2023 | Uncategorized
The Alpha Games: Technology Funds And the winners are… April 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY US tech funds underperformed their benchmark indices by 4% between 2018 and 2022 The factor contributions were marginal This resulted in...
by Nicolas Rabener | Apr 3, 2023 | Uncategorized
Factor Olympics 2023 Q1 And the winner is… April 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY After a great 2022 for factor investing, this year has started negatively for all traditional factors Perhaps this can be attributed to a revival...
by Nicolas Rabener | Mar 27, 2023 | Uncategorized
Investing & Unintended Consequences Long gold stocks = long bonds, long banks = short bonds? March 2023 Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARYSimple equity ETFs often have exposures to other asset classesGold stocks are bond proxies &...
