by Nicolas Rabener | Apr 1, 2024 | Uncategorized
Duration as an Equity Factor Selecting stocks based on their interest rate-sensitivity April 2024. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Stocks can have a high, low, or negative sensitivity to interest rates The duration profile of stocks changes...
by Nicolas Rabener | Mar 18, 2024 | Uncategorized
Building a Stock Portfolio for a Debt-Averse World Expecting higher inflation, higher rates, and eventually a debt restructuring March 2024. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Stocks for a low-growth & high-interest rate environment should...
by Nicolas Rabener | Mar 11, 2024 | Uncategorized
Value vs Quality: More Correlated than Ever? II P/E ratio of 100x vs -100x, which is more expensive? March 2024. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY P/E and ROE factors were highly correlated in recent years However, this is counterintuitive as...
by Nicolas Rabener | Mar 4, 2024 | Uncategorized
Value vs Quality: More Correlated than Ever? Why? March 2024. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY P/E and ROE long-short factors have become highly correlated During certain periods investors favor expensive and unprofitable stocks However, it...
by Nicolas Rabener | Jan 2, 2024 | Uncategorized
Factor Olympics 2023 And the winner is… January 2024. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY The performance of factors was unexciting and poor in 2023 Quality performed the best, low volatility the worst Low-risk and cheap stocks are...
