Analytica presents views and essays on a variety of market matters. New pieces are added from time to time. Titles in left column link to the essays. Right column links, where available, go directly to more recent updates. Feedback is welcome (please use Contact line below).
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Feb 2006: Markets have grown un-trendy, diminishing momentum strategy returns and prompting momentum-specific stock selection. Click title link at left. |
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20% decline is often asserted to be the "official" definition of a Bear Market. It's nonsensical, but it works! |
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Distinguishing bad outcomes from bad decisions. |
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The widely-used "book value" benchmark shows little relation to actual market pricing. |
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The importance of significance in investment decisions. |
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How one fund wasn't what it claimed, timed badly, and lost. |
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How price movements are both random and trendy. |
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| Mutual Funds Sold Early |
Fund equity exposure reduced sharply as market approached August 2007 highs |
Sept 07 |
