Beta in Beta-Neutral Factors?

Beta in Beta-Neutral Factors? The illusion of uncorrelated returns January 2023 Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Beta-neutral value, momentum, and low volatility factors are currently highly correlated to the S&P 500 The correlation is...

Research Compendium 2022

Research Compendium 2022 “If we knew what it was we were doing, it would not be called research, would it?” – Albert Einstein December 2022. Reading Time: 10 Minutes. Author: Finominal RESEARCH COMPENDIUM 2022 In 2022, we published more than 50...

How Much Can You Lose with Bonds?

How Much Can You Lose with Bonds? A lot. September 2022. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARYBonds are typically considered safe investmentsHowever, there were decades of negative real returnsDrawdowns reached 50% for U.S. Treasuries and...