Alpha Architect Research Blog

The Newest Alpha Architect Research and Insights


Evidence-Based Investing Requires Less Religion and More Reason

finance science
Technical Analysis: The Market’s Oldest Religion During the 1600s, the Dutch had a large merchant fleet and the port city of Amsterdam was a dominant commercial hub for trade from around the world. Based on the growing influence of the ...

Farewell to our Beloved Teammate, Tian Yao

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Friends/Readers, Tian Yao, a former student of mine at Drexel, and a long-time member of the Alpha Architect family, is moving on to bigger and better things. Tian recently got married and she is relocating to be with her husband ...

Beware of Institutional Ownership Data from 13F filings

13f
The core source for institutional ownership data is derived from form 13F, which is a form filed by large asset managers that manage over $100mm in 13(f) securities (e.g., stocks). Here is a link to the 13(f) security lists. Many ...

Stale Performance Chasing: Beware of Horizon Effects

2016-06-02 10_35_36-gray_stale_performance_chasing_v01.docx - Microsoft Word (Product Activation Fai
Investors talk a big game when describing how they evaluate mutual funds. They say they consider things like the objectives of the fund, its size, and the longevity of its managers. But there’s one factor that looms larger than all ...

Style Momentum in Australia?

Momentum in Style Portfolios
Jegadeesh and Titman (1993) popularized a simple idea: "past winners outperform past losers." Post JT, the relative strength, or "momentum anomaly," was forever ingrained in the minds of academic researchers (which is odd, since the idea had been around 50 ...

Recapping the Alpha Architect Team Building Adventure

atop shingle peak
The Alpha Architect Team & Friends took a trip to the mountains last weekend to conduct a Freedom Hike--Our unique form of team-building. We were hosted by my youngest brother who runs an elk outfitting business -- Flat Tops Wilderness ...

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