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.

Posted 05.02.19 Melissa R. Brown, CFA

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.

Posted 04.29.19 Christoph Schon, CFA, CIPM

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.

Posted 04.26.19 Olivier d'Assier

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 ...

Posted 04.10.19 Olivier d'Assier

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 ...

Posted 04.02.19 Melissa R. Brown, CFA

Who Wins and Who Loses, if Gold Keeps Rising?

If gold continues to rise, as equities fall in a “risk-off” environment, who are the likely winners and losers?

Posted 03.26.19 Diana R. Rudean, PhD

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.

Posted 03.13.19 Axioma

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.

Posted 02.21.19 Christoph Schon, CFA, CIPM