Academic Research Spotlight: Migration by Eugene Fama and Kenneth French
This week, we look at some interesting research that took a unique approach to explaining the value and size premiums. We examine the paper "Migration" by Eugene Fama and Kenneth French. The paper grouped stocks into categories based on their size and valuation and then looked at how the migration between those groups impacted both the value and size premiums. We take a look at what they found as well as the lessons investors can take from it.
We hope you enjoy the discussion.
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Excess Returns is an investing podcast hosted by Jack Forehand (@practicalquant) and Justin…
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