Over the last month, however, fundamental factors have been the big determinants of performance as valuation metrics and analyst estimate revisions rose to the top of the list.
Wednesday, February 19, 2014
Oil Most Significant Factor in 1 Week Stock Performance
Our factor scoring work reveals that stock price correlation to oil was the most significant factor in determining performance over the last week, with an R-squared of .95. The correlation to treasury bonds was the next most important variable followed by ROE.
Over the last month, however, fundamental factors have been the big determinants of performance as valuation metrics and analyst estimate revisions rose to the top of the list.
Over the last month, however, fundamental factors have been the big determinants of performance as valuation metrics and analyst estimate revisions rose to the top of the list.