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
Vox Talks
Events
-
3 - 3 June 2020 / Zoom webinar / CEPR
-
4 - 4 June 2020 / Zoom webinar / CEPR and the Institute of Global Affairs, School of Public Policy, London School of Economics
-
10 - 10 June 2020 / Zoom webinar / CEPR
-
18 - 19 June 2020 / Kuala Lumpur, Malaysia / The South East Asian Central Banks (SEACEN) Research and Training Centre
-
22 - 23 June 2020 / Ankara, Turkey / The Trade Policy Research Network, CEPR, Robert Schuman Centre for Advanced Studies, EUI, Florence and TEDU-TRC
