Sumzero.com Performance

Posted Feb 28 2012 by Wesley R. Gray, Ph.D. in 

Len Costa, of the CFA Institute, has an interesting piece related to a paper I’ve written with some colleagues at Rice and Creighton.

http://blogs.cfainstitute.org/investor/2012/02/28/do-buy-side-investment-recommendations-add-value/

Here is a picture of the ‘bottomline’:

Long ideas experience a short term spike of around 1% and then drift; short ideas shift down ~2% and then flatline. Overall conclusion: Sumzero.com analyst reports matter to the market.

For the full study, head over to SSRN:

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1971533

Categories: 

About the Author

Wesley R. Gray, Ph.D.Better known as "The Turnkey Analyst, Ph.D.", Executive Managing Member, Empiritrage, LLC, Assistant Professor of Finance, Drexel University’s LeBow College of Business, United States Marine Corps, Captain, Ground Intelligence Officer, Published author; featured speaker, author, and lecturer at numerous venues (top-tier universities, museums, radio, and television), Ph.D./M.B.A. Finance, University of Chicago Booth School of Business, B.S. The Wharton School, University of Pennsylvania, magna cum laude Wes' homepage is at http://welcometotheadventure.com/View all posts by Wesley R. Gray, Ph.D. →

Disclaimer: TurnkeyAnalyst.com is not an investment adviser, brokerage firm, or investment company. The use of any information on this site does not guarantee performance. Past results are not necessarily indicative of future performance. Empiritrage, LLC and TurnkeyAnalyst.com are both owned in part by Wesley R. Gray, Ph.D.