Tag: benchmarks

Any asset can use a portfolio of similar assets to hedge against its factor exposure. The factor residual risk of the hedged position is...

To understand financial market dynamics, it is helpful to distinguish beliefs, attitudes towards risk, and attitudes towards ambiguity. Beliefs are subjective evaluations of future...

A new Fed paper explains how to construct a real-time distress index, using the case of the corporate bond market. The index is based...