Factor Olympics Q1 2025

Factor Olympics Q1 2025 And the winner is… April 2025. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Momentum and low volatility maintain their winning streak Value rebounded from negative to positive, while quality moved in the opposite direction...

Are Low-Risk Stocks Really Low-Risk?

Are Low-Risk Stocks Really Low-Risk? Why are there no funds offering exposure to the best-performing factor? March 2025. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY The long-short low volatility factor generated a higher long-term return than momentum,...

Is it Profitable to Invest in Profitable Firms?

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...

Factor Olympics 2024

Factor Olympics 2024 And the winner is… January 2025. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY The losers of last year, ie momentum and low volatility, became the winners of this year Momentum performed the best, size the worst Smart beta...

Quality in Small versus Large-Cap Stocks

Quality in Small versus Large-Cap Stocks Quality stocks outperform, right? December 2024. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Adding quality filters significantly improves small-cap investing However, the opposite occurs in the large-cap space...