Cheap vs Expensive Factors

Cheap vs Expensive Factors Are Expensive Factors More Risky? May 2020. Reading Time: 10 Minutes. Author: Nicolas Rabener. This research note was originally published at Alpha Architect. Here is the link.SUMMARYFactors can be valued like stocksFactor valuations have...

Minimum Correlation Factor Portfolios

Minimum Correlation Factor Portfolios The lower the factor correlation, the better? December 2020. Reading Time: 10 Minutes. Author: Nicolas Rabener. This research note was originally published at Alpha Architect. Here is the link.SUMMARYMinimizing factor correlations...

Growth: Factor Investing Sinning?

Growth: Factor Investing Sinning? Paying for Emotional Happiness? July 2019. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARYGrowth stocks outperformed the US stock market since 1992However, the higher returns are explained by higher betasThe long-short...

Black Swans, Major Events & Factor Returns

Black Swans, Major Events & Factor Returns How to Prepare For the Unexpected? March 2019. Reading Time: 10 Minutes. Author: Nicolas Rabener. This research note was originally published by the CAIA Association’s AllAboutAlpha blog. Here is the link. SUMMARY It is...

Garp Investing: Golden or Garbage?

Garp Investing: Golden or Garbage? Cheap Growth Stocks – Too Good to Be True? March 2019. Reading Time: 10 Minutes. Author: Nicolas Rabener. This research note was originally published by the CFA Institute’s Enterprising Investor blog. Here is the...