Performance Measurement & Evaluation

Mark L. Sirower and Jeffery M. Weirens subject traditional analyses of M&A transactions to well-warranted scrutiny.

What are the most widely used causality tests in the equity markets?

"Discount rates vary a lot more than we thought. Most of the puzzles and anomalies that we face amount to discount-rate variation we do not understand."

Options trading's explicit costs have plummeted to near zero, but what about implied transaction costs?

How can we mitigate sequence of returns risk (SoRR)?

Portfolio Pi and Portfolio Eta are new decision metrics that connect investment objectives and risks.

This detailed stock market study attempts to extend Robert Shiller’s development of narrative economics.

The end of the loose money era may offer an opportunity for tactical asset allocation.

How have moving averages performed as an investment strategy over the decades?

Can our Smart Money, Crowd Intelligence, and AI indices beat the S&P 500?