Practical analysis for investment professionals

Performance Measurement & Evaluation


Valuing Digital Assets with TradFi Tools: Three Methods

Not all traditional investment management techniques are applicable to digital assets, but sector breakdowns, DCF models, and risk factor modeling are solid starting points.

COVID-19 Correlations: Local Cases, Local Returns?

Do local COVID-19 case counts have any correlation with local stock returns?

Economic Value of Equity (EVE): Protection from Rising Interest Rates

Economic value of equity (EVE) can help determine how well a company can weather interest rate hikes.

Not All NAVs Are Created Equal

How can investors price NAV valuations and efficiently transfer their eventual risk?

How Sharp Is the Sharpe Ratio? An Analysis of Global Stock Indices

To test the Sharpe Ratio’s effectiveness, we constructed monthly return distributions for global stock market indices to see if any had too much skewness.

Extremely Successful? Extremely Lucky!

What's more critical to investing success: luck or skill?

Tell Me a Story: Aswath Damodaran on Valuing Young Companies

When valuing companies, "You don't have to be right to make money," Aswath Damodaran says. "You just have to be less wrong than everybody else.”

What If the US Government Were Valued Like a Company?

If the US government were a normal company, it would have had to declare bankruptcy long ago.

The S-Curve: Bending the J-Curve in Private Equity

The J-curve narrative in private equity (PE) investments deserves a quiet obsolescence.

Inflation: What If It Doesn’t?

Joachim Klement, CFA, expects inflation to fall. But that doesn't stop him from asking, What if I'm wrong?