The Fama-French Three Factor Model provides a highly useful tool for understanding portfolio performance, measuring the impact of active management, portfolio construction and estimating future ...

As financial markets have grown faster and more complex, it has become more difficult for managers to trade efficiently. The goal of maximizing returns while minimizing risk has grown more complicated ...

In a new working paper, Fama-French extend previous work to offer investors the possibility of capturing additional returns. It’s almost universally agreed that relative to the market as a whole, ...

The stocks of high-quality firms — characterized by good profitability, growth, safe financial position and high payout to shareholders — tend to outperform both low-quality firms and the broader ...