Performance chasing is not a sound investment strategy

The Fallacy of Betting on the Best Stock Market - Finominal

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The Fallacy of Betting on the Best Stock Market

Finominal

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Nicolas Rabener

Differentiating between factor exposures versus factor returns

Improving Smart Beta Attribution Analysis II - Finominal

Improving Smart Beta Attribution Analysis II

Improving Smart Beta Attribution Analysis - Finominal

Improving Smart Beta Attribution Analysis

Do the largest value creators outperform?

Stock Selection versus Asset Allocation - Finominal

Stock Selection versus Asset Allocation

Do stocks with higher convexity offer better returns?

Convexity as a Factor - Finominal

Convexity as a Factor

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Abhik Roy

Finding the optimal regression method for factor exposure analysis.

Do you need risk management for equities in a diversified portfolio?

Combining Risk-Managed Equities and Managed Futures - Finominal

Combining Risk-Managed Equities and Managed Futures

The Juggernaut Index - Finominal

The Juggernaut Index

Documenting the wealth destruction of thematic investing

Top Fee Generating, Wealth Creating and Destroying ETFs - Finominal

Top Fee Generating, Wealth Creating and Destroying ETFs

Market-Neutral versus Smart Beta Factor Investing - Finominal

Market-Neutral versus Smart Beta Factor Investing

Factor Exposure Analysis 102 - Finominal

Factor Exposure Analysis 102

What´s Better than the S&P 500? - Finominal

What´s Better than the S&#038;P 500?

Factor Olympics Q3 2024 - Finominal

Factor Olympics Q3 2024

A Review of Global Macro Mutual Funds - Finominal

A Review of Global Macro Mutual Funds

Does the lookback matter for stock selection?

Factor Construction with Different Lookbacks - Finominal

Factor Construction with Different Lookbacks

Smart Beta ETF Construction: High versus Low Factor Exposures - Finominal

Smart Beta ETF Construction: High versus Low Factor Exposures

Outperformance via Leverage - Finominal

Outperformance via Leverage

Factor Timing via Market Momentum - Finominal

Factor Timing via Market Momentum

What happens if you add positive and negative exposures to the same factors?

Combining Smart Beta Funds May Not Be Smart - Finominal

Combining Smart Beta Funds May Not Be Smart

Why should investors get compensated for holding high-quality stocks?

U.S. versus International Quality Stocks - Finominal

U.S. versus International Quality Stocks

The one with the lowest correlation to CTAs?

What Equity Factor Is Best Combined with Managed Futures? - Finominal

What Equity Factor Is Best Combined with Managed Futures?

How concerned should investors be about rising interest rates & corporate defaults?

Profitability & Leverage of U.S. Sectors - Finominal

Profitability &#038; Leverage of U.S. Sectors

Profitability & Leverage of U.S. Stocks - Finominal

Profitability &#038; Leverage of U.S. Stocks

Managed Futures versus Market-Neutral Multi-Factor Investing - Finominal

Managed Futures versus Market-Neutral Multi-Factor Investing

Multi-Strategy Hedge Funds & Replication ETFs - Finominal

Multi-Strategy Hedge Funds &#038; Replication ETFs

Factor Olympics 1H 2024 - Finominal

Factor Olympics 1H 2024

Evaluating the equity risk exposure within managed futures   

CTAs: With or Without Trend Following in Equities? - Finominal

CTAs: With or Without Trend Following in Equities?

What happens when you buy a stock from a market that is closed?

Diversifying via Time Zones - Finominal

Diversifying via Time Zones

Bonds versus CTAs for Diversification - Finominal

Bonds versus CTAs for Diversification

Measuring Performance Chasing - Finominal

Measuring Performance Chasing

Carry versus Trend Following - Finominal

Carry versus Trend Following

Skewness of Funds - Friend or Foe? - Finominal

Skewness of Funds &#8211; Friend or Foe?

Who are we fooling with stale valuations? 

The Case Against Private Markets - Finominal

The Case Against Private Markets

Building Better High Yield Portfolios - II - Finominal

Building Better High Yield Portfolios &#8211; II

Portfolio construction and implementation matters

Factor Investing Is Dead, Long Live Factor Investing! - Finominal

Factor Investing Is Dead, Long Live Factor Investing!

Quality versus Low Volatility ETFs - Finominal

Quality versus Low Volatility ETFs

Why is the Maldivian Rufiyaa not going to the moon?

The Case Against a Cryptocurrency Allocation - Finominal

The Case Against a Cryptocurrency Allocation

Factor Olympics Q1 2024 - Finominal

Factor Olympics Q1 2024

Selecting stocks based on their interest rate-sensitivity

Duration as an Equity Factor - Finominal

Duration as an Equity Factor

Inflation-Themed ETFs: Part II - Finominal

Inflation-Themed ETFs: Part II

Expecting higher inflation, higher rates, and eventually a debt restructuring

Building a Stock Portfolio for a Debt-Averse World - Finominal

Building a Stock Portfolio for a Debt-Averse World

P/E ratio of 100x vs -100x, which is more expensive?

Value vs Quality: More Correlated than Ever? II - Finominal

Value vs Quality: More Correlated than Ever? II

Value vs Quality: More Correlated than Ever? - Finominal

Value vs Quality: More Correlated than Ever?

Hedging Bear Markets & Crashes with Tail Risk ETFs - Finominal

Hedging Bear Markets &#038; Crashes with Tail Risk ETFs

Absolute versus Relative Momentum Across Asset Classes - Finominal

Absolute versus Relative Momentum Across Asset Classes

How sensitive are stocks to changes in interest rates?

Duration of U.S. Equities - II - Finominal

Duration of U.S. Equities &#8211; II

Sacrificing return of capital for return on capital

HY Bonds = High or Hazardous Yield? - Finominal

HY Bonds = High or Hazardous Yield?

What happens in Monte Carlo, should stay in Monte Carlo

Monte Carlo Simulations: Forecasting Folly? - Finominal

Monte Carlo Simulations: Forecasting Folly?

Trend Following in Bear Markets - Finominal

Trend Following in Bear Markets

Oil, financial, and China ETFs versus value funds

Getting Value Exposure from Non-Value Funds - Finominal

Getting Value Exposure from Non-Value Funds

Duration of U.S. Equities - Finominal

Duration of U.S. Equities

Factor Olympics 2023 - Finominal

Factor Olympics 2023

Investing in versus with the KKRs, Blackstones, and Apollos of this world

Listed Private Equity ETFs: The Real Deal? - Finominal

Listed Private Equity ETFs: The Real Deal?

Small-cap stocks outperform large-cap stocks, right? 

The Illusion of the Small-Cap Premium - Finominal

The Illusion of the Small-Cap Premium

Is the whole greater than the sum of the parts?

Replicating Funds via S&P 500 & Smart Beta ETFs - Finominal

Replicating Funds via S&#038;P 500 &#038; Smart Beta ETFs

A Sharpe ratio of 1 should be easily achievable, right?

Failing to Build High Sharpe Ratio-Portfolios - Finominal

Failing to Build High Sharpe Ratio-Portfolios

 A Sharpe ratio of 1 should be easily achievable, right?

Generating a high return on capital while not risking the return of capital 

Do-It-Yourself High-Dividend Strategies - Finominal

Do-It-Yourself High-Dividend Strategies

Hedge Funds versus Hedge Fund Replication ETFs - Finominal

Hedge Funds versus Hedge Fund Replication ETFs

Investigating Collateralized Loan Obligations 

CLOs - Diversifier, or another Equity Clone? - Finominal

CLOs &#8211; Diversifier, or another Equity Clone?

Higher Volatility, Higher Alpha? - Finominal

Higher Volatility, Higher Alpha?

Determining the Optimal Benchmark for Funds - Finominal

Determining the Optimal Benchmark for Funds

A Crescendo in Private Credit? - Finominal

A Crescendo in Private Credit?

Building Better High Yield Portfolios - Finominal

Building Better High Yield Portfolios

Factor Olympics 2023 Q3 - Finominal

Factor Olympics 2023 Q3

Have Stock Markets Changed? - Finominal

Have Stock Markets Changed?

Don't Convert to Convertible Bonds - Finominal

Don&#8217;t Convert to Convertible Bonds

Style versus traditional fixed income factors

Fixed Income Factors II - Finominal

Fixed Income Factors II

Fixed Income Factors - Finominal

Fixed Income Factors

Complex and complicated, but the outlook is poor

The Trouble With Forecasting House Prices - Finominal

The Trouble With Forecasting House Prices

Systematic versus Discretionary Masters of the Universe

CTAs vs Global Macro Hedge Funds - Finominal

CTAs vs Global Macro Hedge Funds

More the latter than the former unfortunately

GARP Investing: Golden or Garbage? II - Finominal

GARP Investing: Golden or Garbage? II

Another strategy that trades income for capital return

BDCs: Better Don't Choose? - Finominal

BDCs: Better Don&#8217;t Choose?

Hitting Home Runs with AI Investing? - Finominal

Hitting Home Runs with AI Investing?

When the tide goes out, you just find equity exposure