Research is organized into categories
to facilitate interpretation. Click on a category to see associated papers
listed chronologically. Alternatively, click on the Bibliography link to
see a listing of all papers.
- Valuation
-
The 'Valuation' area summarizes
papers implementing trading strategies that compare observed prices to measures
of fundamental value. Long positions are taken in securities trading at low multiples of fundamentals and short positions are taken in
securities trading at high multiples of fundamentals.
- Earnings Quality
-
The 'Earnings Quality' area summarizes papers implementing
strategies that predict changes in future earnings performance resulting
from accounting distortions. Long
positions are taken in securities that are predicted to have increases in
earnings performance and short positions are taken in securities that are
predicted to have decreases in earnings performance.
- Momentum
-
The 'Momentum' area summarizes
papers implementing trading strategies based on recent changes in fundamentals. Long positions are taken in securities with
improving fundamentals and short positions are taken in
securities with deteriorating fundamentals. NOTE: You will not find
any research using price, volume or other such technical analysis strategies on this site.
We focus on strategies using fundamental analysis.
- Smart Money
-
The 'Smart Money' area summarizes
papers implementing trading strategies that follow the lead of sophisticated
investors having a comparative advantage in performing fundamental analysis
(e.g., insiders, short sellers). Long positions are taken in securities that
are being accumulated by sophisticated investors and short positions are taken in
securities that are being unloaded by sophisticated investors.
- External Financing
-
The 'External Financing' area summarizes
papers implementing trading strategies that take positions based on firms'
recent capital market transactions. Long positions are taken in securities
of firms that have recently retired capital and short positions are taken in
securities of firms that have recently issued new capital.
- Other
-
The 'Other' area summarizes
papers implementing trading strategies that do not fit any of the above
categories. To be included here the paper must have at least a one
alpha rating and employ a trading strategy grounded in fundamental analysis.
- Bibliography
-
The 'Bibliography' area provides an alphabetic (by surname of first
author) listing of all the research papers available on AlphaSeeker.com.
