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What is a good explanation as to why/how the FF 3-factor model was developed? Other researchers noticed anomalies in the market which needed further investigation
What is a good explanation as to why/how the FF 3-factor model was developed?
Other researchers noticed anomalies in the market which needed further investigation such as smaller firms producing higher returns | ||
Companies with high Sharpe ratios yielded the highest returns | ||
Bond yields were not highly correlated with stock prices |
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