July 2026
Intermediate to advanced
536 pages
10h 39m
English
Factor investing is a strategic approach to trading where assets are chosen based on attributes or factors that are associated with higher returns. This method differs from traditional investment strategies which focus on asset classes like stocks, bonds, or sectors. Factor investing emphasizes the underlying drivers of risk and return in securities. Much focus is placed by researchers on the statistical analysis of these factors since the edge (measured by predictive power) is often vanishing and results can be misleading. The crux of factor investing lies in the systematic identification and harnessing of these and other factors. By understanding the sources of risk and return, ...
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