"We built our portfolios out of the top and bottom performance quartiles of the NASDAQ and NYSE stocks corresponding to our various style factors. We constructed a random portfolio from a given number of equally weighted stocks"....then it is not a random portfolio anymore...or is it?
"We built our portfolios out of the top and bottom performance quartiles of the NASDAQ and NYSE stocks corresponding to our various style factors. We constructed a random portfolio from a given number of equally weighted stocks"....then it is not a random portfolio anymore...or is it?