Below is a weekly summary of our research findings for 5/20/19 through 5/24/19. These summaries give you a quick snapshot of our content the past week so that you can quickly decide what’s relevant to your investing needs.
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- Stock Returns Around Memorial Day
Best guess is that any anomalous U.S. stock market behavior around Memorial Day is slight strength one trading day after the holiday, but with extra variability for that day. - More International Equity Market Granularity for SACEMS?
Evidence from simple tests over a limited sample period offers little support for belief that more granular international equity choices improves SACEMS. - Long/short Equity Mutual Fund Performance Update
Recent evidence indicates that the performance of long/short equity mutual funds remains unattractive in absolute terms, risk-adjusted terms and relative to hedge fund indexes. - Best Factor Allocation Strategy?
Evidence indicates that equal weighting of factor premiums is as good a way as any to exploit factor diversification. - Number of Users as Bitcoin Price Driver
Modeling suggests that investors can estimate a fair price for Bitcoin by combining the value of its network (Metcalfe’s Law) with “biological” growth in its active accounts (Gompertz function).
