Anomalies have returns above risk factors. In this video, Söhnke Bartram discusses three reasons why anomalies exist, and their implications. This video was recorded at the Brevan Howard Center for Financial Analysis in December 2016.
Victoria Galsband, 16 October 2012
The value anomaly – higher average returns on value as opposed to growth stocks – is a robust phenomenon on equity markets around the world. This column argues that the exposure to downside market risk can explain why value stocks outperform their growth counterparts. The key is to distinguish between 'bad' and 'good' downside market shocks.
Most Read
Blogs&Reviews
Vox eBooks
Events
-
23 - 24 May 2022 / hybrid I Vienna / Oesterreichische Nationalbank (OeNB) and SUERF - The European Money and Finance Forum
-
14 - 17 June 2022 / University of Pisa, Dep. Economics and Management / University of Pisa, Dep. Economics and Management
-
22 - 24 June 2022 / Lucca, Italy /
-
5 - 15 July 2022 / Warwick/Coventry / University of Warwick
-
11 - 13 July 2022 / / National Council of Applied Economic Researach (NCAER)
