PanAgora’s experts are committed to providing innovative research through theory and practice. We invite current and prospective clients, as well as consultants, to benefit from the fruits of our theory and practice through our quantitative investing research.
The low-volatility anomaly refers to the phenomenon in which low-volatility stocks outperform high-volatility stocks. This anomaly clearly contradicts the classical capital asset ...
In this article we focus on asset weighting and show that, holding all else equal, risk balancing yields the most efficient factor-exposure ...
In this article we examine the wealth accumulation that Risk Parity offers when applied to equity portfolios.
In this article, we first define the participation ratios of a strategy in both up and down markets, respectively, and then introduce ...
Smart beta, like many names for investment products, is surely a misnomer. There are two different kinds of smart betas: one based ...
We shall address several issues related to leverage in this article, including the appropriate level of leverage and how to achieve this ...
The flood of new marketplace entrants has raised a question: Do these new offerings truly achieve Risk Parity as we know it? ...
In this article, Dr. Edward Qian, PanAgora’s Chief Investment Officer and Head of Multi Asset Research, highlights the different challenges facing ...
Portfolio rebalancing is essential for harvesting diversification return. A portfolio composed of a single security (the extreme case of non-diversification) requires no ...
