fundamental

Quantitative Sub-sector Rotation Strategy (QSRS)

Introduction Research shows that the equity market responds to macro news, with favorable macro news tend to be followed by increases in revenues, profits, and investment activities of companies (Modugno and Palazzo, 2024). In the study, the authors concluded that macro surprises could explain up to 34% of the S&P 500 return variation – highlightingContinueContinue reading “Quantitative Sub-sector Rotation Strategy (QSRS)”

Research Note: A Look at Emerging Market Financials

Download PDF: A Look at EM Financials K List of Interesting EM Banks: EM Banks EM banks are relatively more interesting compared to its DM counterpart, especially European and Japanese banks, that have become a collateral damage from negative interest rate policy. EM firms are heavily underleveraged compared to its DM counterpart. Banks in Indonesia,ContinueContinue reading “Research Note: A Look at Emerging Market Financials”