Security Selection

October 21, 2019 | 3 min
Read More

Is Stock Volatility a More Persistent Characteristic than Stock Returns?

At Intech®, we harness natural stock-price volatility to generate an excess return above the benchmark – without forecasting returns. We find that a stock’s price volatility is more persistent...

October 10, 2019 | 4 min
Read More

Can You Associate Higher Volatility with Market Drawdowns?

Volatility returned to equity markets this month. Investors often think of volatility as something bad – a foe that needs to be controlled, managed or avoided. However, when viewed...

February 20, 2019 | 3 min
Read More

Volatility as a Reliable Alpha Source

At Intech®, we harness natural stock-price volatility to generate an excess return above the benchmark – without forecasting returns. We find that a stock’s price volatility is more persistent...

October 31, 2018 | 6 min
Read More

Feeding the World – rice or glyptodon?

Current fashion for institutional investors who want higher returns from their active equity allocations is to choose unconstrained, high-tracking error portfolios. The portfolio managers of such approaches typically rely...

August 15, 2018 | 7 min
Read More

Infinite Monkey-Business and Splitting the Atom

It seems that just about any systematic approach to constructing equity portfolios beats the poor old cap-weighted index, as numerous entertaining articles and papers over the last few years...