Factor Regression
A few academic “factors” explain most of what any fund does. Regress any US ticker on them: market, size, value, profitability, investment, momentum. See what you really own - and whether any alpha is left.
A few academic “factors” explain most of what any fund does. Regress any US ticker on them: market, size, value, profitability, investment, momentum. See what you really own - and whether any alpha is left.