Are European Stocks Really Less Volatile? Or Are Correlations Driving Volatility Lower?
Since the drivers of volatility (up or down) are always of interest, we decided to look a little deeper into the causes of this apparent apathy of the European market.
The pound’s down and FTSE’s up (again)… Are markets too complacent about Brexit?
With less than 4 weeks to go before the European Parliamentary Election markets appear to be surprisingly unfazed by the potential ramifications of that vote.
Is Investor Sentiment Subject to Seasonality?
While seasonality has been widely explored, we decided to see if clarity could be obtained by looking at it through the lens of a metric based on Axioma risk models.
Risk-On/Risk-Off and the Schrödinger Quadrant
The stock market’s version of the Ellsberg paradox states that investors exhibit ambiguity aversion, in the sense that they prefer risks with known probability measures over risks with unknown ...
A Tough First Quarter for Systematic Managers?
According to the returns for Axioma’s factors, the first quarter of 2019 was probably a tough one for many systematic, factor-based investors, especially those investing in the US. Across ...
Cloud native vs. cloud hosted: The differences are big…and they matter
The cloud is “in.” But dig a little deeper, and you find that firms have simply switched to a cloud-hosted infrastructure, rather than a thoroughly modern cloud-native environment.
The impact of Fed policy on portfolio risk and diversification
As the latest US rate-hiking cycle enters its final phase, market participants are paying ever-closer attention to comments and actions of Federal Reserve Bank officials.