Practical analysis for investment professionals

Equity Investments


Active vs. Passive Revisited: Six Observations

Does it make sense to reframe the active vs. passive debate? Perhaps the question — active or passive? — is not the right one to ask.

Do Sentiment Metrics Matter to the Markets?

How much correlation is there between consumer and business sentiment metrics and market returns?

Book Review: The Little Book of Picking Top Stocks

In this “little” book with big ideas, Martin Fridson, CFA, presents a novel approach that to date has not been systematized in such an evidence-based style.

Do the Best Equity Fund Managers Follow the Bond Market?

A fund family's success with bond funds may not translate to the equity side of the ledger.

Is the 60/40 Portfolio Still Relevant?

How do portfolios with asset allocations of 100% equity, 100% bond, 60/40, and 80/20 in the US, UK, Italian, Swiss, and global markets perform over time?

Do ESG Funds Have Higher ESG Scores?

The first step in testing whether ESG funds deliver higher ESG scores is to determine what to compare them against.

Factor Performance: Will the Comeback Persist?

The relative outperformance of equity risk factors was one of 2022's rare bright spots.

The Active Management Delusion: Respect the Wisdom of the Crowd

"Neither the Financial Analysts as a whole nor the investment funds as a whole can expect to ‘beat the market,’ because in a significant sense they (or you) are the market."

What ESG News Matters Most to the Market?

Not all ESG news events are associated with significant changes in stock price.

Myth-Busting: The Economy Drives the Stock Market

How much does the state of the economy really matter to stock market performance?