Economics, Econometrics and Finance
4 years ago

Unlocking Stock Market Secrets: New Variables Predict Portfolio Returns

The Journal of Finance
Conditioning Variables and the Cross Section of Stock Returns
Wayne E. Ferson, Campbell R. Harvey

Paper Summary

The study found that certain factors can predict stock portfolio returns, even when considering factors like market conditions and past performance. These factors can help analyze risk, measure performance, and calculate costs for investors.

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