I'm coming around to the position that you should use multiple sub-factors for individual whole factors (i.e. For value factor, rather than just P/B, include EV/EBIT, EV/NOA, and P/FCF), and that Momentum and value factors are largely (but not entirely) due to behavioral biases, whereas the other factors occur due to risk.
Submitted February 07, 2017 at 03:03PM by TheRealAntacular http://ift.tt/2kjd6XY
