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What is the maximum value of the Lerner index?
Small-Firm Anomaly
The historical observation that smaller firms, or those with a lower market capitalization, tend to outperform larger companies on a risk-adjusted basis.
January Effect
A seasonal increase in stock prices that often occurs in January after the sell-off for tax purposes in December.
Neglected
In financial contexts, this refers to assets or securities that are underfollowed or overlooked by investors and analysts.
Passive Portfolio Management
An investment strategy that tracks a market-weighted index or portfolio, minimizing buying and selling to reduce costs and turnover.
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