The Investment Fiduciary

Archive for October 2007

Not Without Risk: Factors Driving Stock Returns

Posted by: investment-fiduciary on: October 22, 2007

This is a communication to clients of MZ Capital. Sensitive information is censored with”xxx”.
In this article, I will attempt to explain the three primary factors driving stock returns and how our strategy MDVFS is designed to exploit these factors.
Academics have found out that stock returns are driven by several factors: size, valuation, fundamental, seasonal and [...]


Author

Michael Zhuang is principal of MZ Capital, a fee-only RIA and DFA-approved advisor based in Washington, DC. He is also a regular contributor to Morningstar Advisor. Michael can be reached at info1@mzcap.com.

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