Is Causal Factor Analysis Essential for Investment Efficiency?
A recent analysis by Lopez de Prado, Lipton, and Zoonekynd challenges the traditional reliance on association-based factor models in portfolio construction, arguing for the necessity...
Tag : factor models
Are Global or Regional Models Superior in Predicting Asset Prices?
This study explores a key question in international asset pricing: whether global or regional factor models are more effective in predicting stock returns. Moving beyond...