Understanding the interdependence of security returns is critical for many investing models.  Portfolio management, for example, requires thorough analysis of interaction of constituent securities.  ...
Read More

ISM Non-Mfg Index, Composite Index - Level, figures are scheduled for release on 2011-07-06 10:00:00 EST. Quant response of prices of selected equities to a +1% change in ISM Non-Mfg Index, Composite ...
Read More

Municipal bonds are an important asset class that delivers high returns on the after-tax basis. Many investors, however, are concerned about volatility that accompanies these securities. A recent s ...
Read More

Bringing on a new strategy into an existing portfolio requires homework.  The traditional questions for evaluating whether the strategy is a fit typically involve the following:

• Return is ...
  Read More

What drives the markets?  The answers ‘Value’ and ‘Momentum’ are still correct, but a new driver has been increasing its presence since about 1998: liquidity risk.  According to a new study ...
Read More