Investing Research Articles

…demographic projections suggest a reasonably stable long run real U.S. stock market return over the next 40 years.

…evidence indicates that a trader who periodically switches to the hottest known anomaly based on a rolling window of past performance may be able to beat the market. Anomalies appear to have their own kind of momentum.

The quality of working papers from academia is as high as, or higher than, that of many analyses available to investors from investment industry sources and from other investors.

The momentum investing approach, whether implemented via simple moving average (SMA) crossovers or lagged returns (or a combination) may be fragile with respect to exact parameter selection…

Various studies find that returns on individual stocks exhibit tendencies for short-term (one month) reversal, medium-term (3-12 months) momentum and long-term (2-5 years) reversal. The short-term reversal is the basis for the skip-month included in some medium-term momentum strategies. Is there a way to concentrate the short-term reversal? In the March 2010 update of their… Keep Reading

…the long-run outperformance claimed by Doug Fabian appears to be a legacy of methods no longer strictly followed.

…evidence from nearly six decades of data indicates that diversifying across stock return anomalies consistently beats individual anomalies and the broad stock market.

…there is not enough public information on these sites to support due diligence on the investment performance of Doug Casey’s advice.

…there is not enough public information on these sites to support due diligence on the investment performance of Roger Conrad’s advice.

…evidence indicates that that discretionary (but not non-discretionary) aggregate accruals scaled to total assets significantly predict next-year equity market returns and that firm-level accruals scaled to earnings have substantially stronger and more consistent predictive power for future individual stock returns than accruals scaled to total assets.