Small and Value Stocks Less Risky for Long-term Investors?
August 7, 2014 - Size Effect, Value Premium
Is risk for long-term investors different from that for short-term investors? In his July 2014 paper entitled “Rethinking Risk (II): The Size and Value Effects”, Javier Estrada examines the riskiness of small stocks versus large stocks and value (high book-to-market ratio) stocks versus growth stocks based on conventional and unconventional metrics. Each year during 1927 through 2013,… Keep Reading