Friday, December 16, 2016

Stocks and k-states, part II

I've updated the post on stock market returns and the three-factor model with some examination of the data. Much like the case with prices or profit rates, we can think of there being a macroeconomic statistical equilibrium of IT index states.





2 comments:

  1. Really appreciate this post Jason! It's actually pretty remarkable what you have done here, to relate all the factors of relative stock performance to information equilibrium in one framework. Kudos!

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    Replies
    1. Thanks, Todd! I have another bit on Tobin's Q coming up ...

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