compassion
发表于 2025-3-26 21:37:24
The Low-Volatility Anomalyhis should be designated as the first law of finance. Investors otherwise would never be induced to commit capital to risky assets. In reality, low-volatility stocks offer abnormally high returns relative to their riskier counterparts. By undermining conventional assumptions about the relationship b
prolate
发表于 2025-3-27 02:37:08
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苦涩
发表于 2025-3-27 07:11:00
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MUT
发表于 2025-3-27 12:49:42
The Equity Premium Puzzleloped economies, the equity risk premium is considerable. Yet puzzles persist. Despite that premium, why do so many potential investors avoid holding stocks? Stock market nonparticipation is a major contributory to social insecurity, particularly in the USA, where many aging households are financial
惰性女人
发表于 2025-3-27 16:30:19
Beta’s Cash Flow and Discount Rate Components in the economy-wide discount rate. By analogy to cholesterol, these components may be regarded as “bad” and “good.” Whereas “good” beta resulting from unexpectedly negative discount-rate news may be mitigated by later macroeconomic developments, “bad” beta resulting from shocks to cash flow dictate
Rodent
发表于 2025-3-27 21:27:07
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高深莫测
发表于 2025-3-28 01:29:17
Short-Term Price Continuation Anomaliesient markets should assimilate all publicly available information affecting a firm’s cash flow. But two forms of short-term price continuation persist: post-earnings announcement drift (PEAD) and momentum. Although both forms of drift have invited explanations rooted in behavioral finance, PEAD in p
correspondent
发表于 2025-3-28 03:12:30
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征兵
发表于 2025-3-28 06:44:17
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nonradioactive
发表于 2025-3-28 12:33:29
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