Valuation/Trend Hedging of a Value and Momentum Stock Portfolio
October 29, 2015 - Fundamental Valuation, Momentum Investing, Technical Trading, Value Premium
Is there a way to suppress the volatility and drawdowns of a mixed value and momentum stock strategy while retaining most of its benefit? In his September 2015 paper entitled “Learning to Play Offense and Defense: Combining Value and Momentum from the Bottom up, and the Top Down”, Mebane Faber examines the feasibility of a strategy that combines market valuation… Keep Reading