Diversification versus Hedging

Diversification versus Hedging Same, same, but different? June 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Hedging and diversifying strategies have different objectives Downside betas can be used to differentiate these Alternative strategies have...

Trend Following in Equities

Trend Following in Equities The trend is my friend, right? May 2023 Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARYLong-only trend following in equities was more effective than long-short trend following in the USSame for European and Asian stock...

Upside versus Downside Stocks

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...