FRB,FEDS Paper: A Stock Return Decomposition Using Observables(Revised)
FEDS Paper: A Stock Return Decomposition Using Observables (Revised) Publication Date: January 31, 2025 Authors: Jinqing Cao, Matthew Richardson, Bo Sun Institution: Federal Reserve Bank of San Francisco Abstract This paper uses a large set of firm-level characteristics to decompose stock return variation into components associated with a variety of factors, including fundamental variables, idiosyncratic … Read more