Short Sellers’ Low Quality Signal (LQS) – A Loss Avoidance Aid for Short Sellers of Low Quality Firms
Introduction to LQS: A Safety Mechanism to Help Protect Short Sellers of Low Quality Firms Low Quality Signal (LQS) Characteristics and Persistence LQS Impact of Performance on: Trading Shorts, ...
Value & Momentum Drawdowns – The Slow Bleed vs. The High Speed
Introduction: The vicissitudes and vagaries of value and momentum strategies; evaluating when strategies underperform Drawdowns: Value drawdowns are slow with violent snap-backs; momentum declines are rapid with slow recoveries ...
Introducing the Kailash Large Cap Rankings Tool
Introduction Features Differences from Other Kailash products Performance Conclusions Exhibits Appendix: User’s Manual for the Kailash Interactive Rankings Tool Introduction We are pleased to introduce the new Kailash Capital Research, LLC ...
The Dividend Deception Part III – The Role of Dividend Growth in Equity Returns
Click here to download the Premium PDF Click here to download the Basic PDF Introduction Dissecting Dividend Payers Ranking Models Pick Winners Conclusions Exhibit ...
The Dividend Deception Part II – A Call for Active Management
In our last paper, The Dividend Deception: Understanding the Consequences of Cash Returns, we analyzed the highest dividend paying stocks in great detail.....
The Dividend Deception – Understanding the Consequences of Cash Returns
A client recently requested an update on how Low Volatility shares had fared since our November 2012 publication and asked if we thought high dividend paying firms offered investors a better place for risk averse investors to hide....
Earnings Management: Identifying Accounting and Earnings Manipulators
The Accruals Anomaly A Fundamental Framework The Terrible 23 Toolbox Teacher Appendix “The results indicate that earnings performance attributable to the accrual component of earnings exhibits lower persistence than ...
Activism Lite: A Case for Meeting Management, Part II
Prior Management Behavior & Outcomes Momentum, Credit Quality & Size, Helping Identify Future Outperformers Putting It All Together: Stock Selection Prior Management Behavior & Outcomes As explained in Part ...
Activism Lite: A Case for Meeting Management, Part I The Role of Reductions in Debt on Equity Returns
Introduction: A Nod to the Academics Deleveraging & Excess Returns How Debt Reduction Works Valuation and Deleveraging, Enhancing Outcomes Stock Issuance & Returns Conclusion Introduction: A Nod to the ...
Understanding the Value of Low Volatility
Low Volatility, Attention & Asset Growth The Facts Regarding Excess Returns Low Volatility’s Four Flagship Factors Did Volatility Break Value Downside Redemption Considerations for Timing Low-Volatility & Ranked Securities ...
The Persistence of Profits – The Quality Conundrum, Part I
Relentless ROEs? Economic Gravity Reigns Supreme ROEs Reconsidered High and Low ROE Companies Experience Meaningful Reversion Introduction: Relentless ROEs? As avid consumers of a wide variety of investment material, ...
The Siren Song of Growth – Why Investors Willfully Set Sail for the Rocks
Beguiled by Mephistopheles’ Smile: the Crux of It All The Myth of Low PEG SAGE Prunes the Left Tail Macro Considerations & the Value of Playing Defense SAGE Stock ...
