Strategy family
Relative Value & Factors
Relative strategies compare assets rather than forecasting each one in isolation, turning a signal into a portfolio only after universe, neutralization, and weighting choices.
Guides
Build the idea in a useful order.
Begin with the family-level behavior, then move into the implementation choices that materially change the test.
Relative Value & Factors guides
Factor strategies: ranking, neutralization, and portfolio formation
A factor is a repeatable way to compare assets; its investable meaning depends on universe, neutralization, weighting, and turnover.
Cross-sectional momentum
Rank recent leaders against laggards while separating relative exposure from a market-direction bet.
Value and quality factors
Translate accounting characteristics into point-in-time rankings without confusing cheapness or quality with a complete strategy.
Low-volatility and defensive factors
Study why lower-risk assets can behave differently from simple risk-return intuition—and where the portfolio construction drives the result.