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RE: Stillhalter im Dax + anderen Werten
| 22.01.2021, 20:21 (Dieser Beitrag wurde zuletzt bearbeitet: 22.01.2021, 20:21 von bimbes.)
Global Factor Premiums Guido Baltussen* Erasmus School of Economics, Erasmus University Rotterdam and Robeco Institutional Asset ManagementLaurens Swinkels Erasmus School of Economics, Erasmus University Rotterdam and Robeco Institutional Asset ManagementPim Van Vliet Robeco Institutional Asset Management
Abstract
We examine 24 global factor premiums across equity, bond, commodity and currency markets via replication and out-of-sample evidence between 1800 and 2016. Replication yields ambiguous evidence within a unified testing framework that accounts for p-hacking. Out-of-sample tests reveal strong and robust presence of the large majority of global factor premiums, with limited out-of-sample decay of the premiums. We find global factor premiums to be generally unrelated to market, downside, or macroeconomic risks in the 217 years of data. These results reveal significant global factor premiums that present a challenge to traditional asset pricing theories.
Dann sind ETF wohl nicht die empfohlene Lösung
https://papers.ssrn.com/sol3/papers.cfm?...id=3325720
Abstract
We examine 24 global factor premiums across equity, bond, commodity and currency markets via replication and out-of-sample evidence between 1800 and 2016. Replication yields ambiguous evidence within a unified testing framework that accounts for p-hacking. Out-of-sample tests reveal strong and robust presence of the large majority of global factor premiums, with limited out-of-sample decay of the premiums. We find global factor premiums to be generally unrelated to market, downside, or macroeconomic risks in the 217 years of data. These results reveal significant global factor premiums that present a challenge to traditional asset pricing theories.
Dann sind ETF wohl nicht die empfohlene Lösung
https://papers.ssrn.com/sol3/papers.cfm?...id=3325720
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Corrections are usually over very quickly, and they're traditionally painless to long-term investors.
Experience is what you get, if you expect anything else!
Alles ist Zahl - die Vollkommenen --> 6; 28; 496; 8128; 33550336; 8589869056
Corrections are usually over very quickly, and they're traditionally painless to long-term investors.
Experience is what you get, if you expect anything else!
Alles ist Zahl - die Vollkommenen --> 6; 28; 496; 8128; 33550336; 8589869056
