Short-term Net Money Flow and Stock Returns
September 18, 2009 - Sentiment Indicators
…evidence from simple tests on a limited dataset do not support a belief that net money flow is usefully predictive of weekly or monthly stock market returns.
September 18, 2009 - Sentiment Indicators
…evidence from simple tests on a limited dataset do not support a belief that net money flow is usefully predictive of weekly or monthly stock market returns.
September 17, 2009 - Sentiment Indicators
Research showing that equity investors in aggregate materially underperform the market via timing of purchases and sales (aggregated money flow) is extensive. See…
September 17, 2009 - Calendar Effects
…evidence indicates that traders can reliably earn a material premium by providing liquidity for after-hours trading of U.S. stocks and closing these trades at the next market open, so long as the after-hours trading in the stocks is not abnormally active.
September 16, 2009 - Buybacks-Secondaries
“Results appear to indicate that firm executives are not especially good timers of the aggregate stock market.”
September 14, 2009 - Momentum Investing
The rationale is recognition of a short-term reaction for stocks with momentum concentrated in a recent interval.
September 10, 2009 - Short Selling
The valuation-based method described in “Modeling the Logic of Valuation-motivated Short Sellers” is a candidate…
September 8, 2009 - Fundamental Valuation
…The Dark Side of Valuation presents quantitative approaches to modeling the worth of companies for which valuation is especially complex and/or judgmental.
September 6, 2009 - Momentum Investing
…the beliefs that appear to motivate the approach described on the web site have support from research.
September 4, 2009 - Miscellaneous
…the Social Science Research Network (SSRN) is the principal resource for papers that feed CXOadvisory.com summaries of research done by others.
September 4, 2009 - Animal Spirits, Individual Investing
…individual investors tend to have above-average intelligence but still be genetically constrained from free-wheeling use of that intelligence in making investment choices.