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      <title>Factor Investing Wiki</title>
      <link>https://ruiyizhang.com/wiki/factor-investing</link>
      <description>Last 10 notes on Factor Investing Wiki</description>
      <generator>Quartz -- quartz.jzhao.xyz</generator>
      <item>
    <title>Betting Against Beta</title>
    <link>https://ruiyizhang.com/wiki/factor-investing/concepts/betting-against-beta</link>
    <guid>https://ruiyizhang.com/wiki/factor-investing/concepts/betting-against-beta</guid>
    <description><![CDATA[ Betting Against Beta (BAB) is a strategy that exploits the empirically flat (or inverted) security market line by going long leveraged low-beta assets and short high-beta assets. ]]></description>
    <pubDate>Sat, 11 Apr 2026 00:00:00 GMT</pubDate>
  </item><item>
    <title>Country Factors</title>
    <link>https://ruiyizhang.com/wiki/factor-investing/concepts/country-factors</link>
    <guid>https://ruiyizhang.com/wiki/factor-investing/concepts/country-factors</guid>
    <description><![CDATA[ Country factors capture the systematic component of stock returns attributable to a stock’s country of listing or domicile. ]]></description>
    <pubDate>Sat, 11 Apr 2026 00:00:00 GMT</pubDate>
  </item><item>
    <title>Industry Factors</title>
    <link>https://ruiyizhang.com/wiki/factor-investing/concepts/industry-factors</link>
    <guid>https://ruiyizhang.com/wiki/factor-investing/concepts/industry-factors</guid>
    <description><![CDATA[ Industry factors capture the systematic component of stock returns driven by membership in a particular sector or industry. ]]></description>
    <pubDate>Sat, 11 Apr 2026 00:00:00 GMT</pubDate>
  </item><item>
    <title>Short-Term Reversal</title>
    <link>https://ruiyizhang.com/wiki/factor-investing/concepts/short-term-reversal</link>
    <guid>https://ruiyizhang.com/wiki/factor-investing/concepts/short-term-reversal</guid>
    <description><![CDATA[ Short-term reversal is the tendency for stocks that performed well (poorly) over the past week to one month to subsequently underperform (outperform). ]]></description>
    <pubDate>Sat, 11 Apr 2026 00:00:00 GMT</pubDate>
  </item><item>
    <title>Andrea Frazzini</title>
    <link>https://ruiyizhang.com/wiki/factor-investing/entities/andrea-frazzini</link>
    <guid>https://ruiyizhang.com/wiki/factor-investing/entities/andrea-frazzini</guid>
    <description><![CDATA[ Andrea Frazzini is a principal at AQR Capital Management and a leading researcher at the intersection of academic finance and quantitative investing. ]]></description>
    <pubDate>Sat, 11 Apr 2026 00:00:00 GMT</pubDate>
  </item><item>
    <title>Lasse Heje Pedersen</title>
    <link>https://ruiyizhang.com/wiki/factor-investing/entities/lasse-pedersen</link>
    <guid>https://ruiyizhang.com/wiki/factor-investing/entities/lasse-pedersen</guid>
    <description><![CDATA[ Lasse Heje Pedersen is a finance professor and principal at AQR Capital Management, known for research on market microstructure, liquidity, and leverage constraints in asset pricing. ]]></description>
    <pubDate>Sat, 11 Apr 2026 00:00:00 GMT</pubDate>
  </item><item>
    <title>Stephen A. Ross</title>
    <link>https://ruiyizhang.com/wiki/factor-investing/entities/stephen-ross</link>
    <guid>https://ruiyizhang.com/wiki/factor-investing/entities/stephen-ross</guid>
    <description><![CDATA[ Stephen A. ]]></description>
    <pubDate>Sat, 11 Apr 2026 00:00:00 GMT</pubDate>
  </item><item>
    <title>Behavioral Explanations for the Value Premium</title>
    <link>https://ruiyizhang.com/wiki/factor-investing/evidence/behavioral-explanations-value</link>
    <guid>https://ruiyizhang.com/wiki/factor-investing/evidence/behavioral-explanations-value</guid>
    <description><![CDATA[ Lakonishok, Shleifer, and Vishny (1994) provide the canonical behavioral explanation for why value strategies outperform: investors systematically extrapolate past performance too far into the future, overpricing “glamour” stocks and underpricing “value” stocks. ]]></description>
    <pubDate>Sat, 11 Apr 2026 00:00:00 GMT</pubDate>
  </item><item>
    <title>Characteristics vs. Covariances</title>
    <link>https://ruiyizhang.com/wiki/factor-investing/evidence/characteristics-vs-covariances</link>
    <guid>https://ruiyizhang.com/wiki/factor-investing/evidence/characteristics-vs-covariances</guid>
    <description><![CDATA[ Daniel and Titman (1997) challenge the Fama-French interpretation that size and value premia are compensation for systematic risk. ]]></description>
    <pubDate>Sat, 11 Apr 2026 00:00:00 GMT</pubDate>
  </item><item>
    <title>Country vs. Industry Effects in Global Equity Returns</title>
    <link>https://ruiyizhang.com/wiki/factor-investing/evidence/country-vs-industry-effects</link>
    <guid>https://ruiyizhang.com/wiki/factor-investing/evidence/country-vs-industry-effects</guid>
    <description><![CDATA[ A long-running question in international finance: how much of the cross-section of global equity returns is driven by which country a stock belongs to versus which industry it belongs to? The answer determines whether geographic or sector allocation is the primary lever for global portfolio construc... ]]></description>
    <pubDate>Sat, 11 Apr 2026 00:00:00 GMT</pubDate>
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