This video graphic for the award winning article published in the <i>Financial Analysts Journal</i> argues that unlike standard factors, such as value, momentum, and size, quality lacks a commonly accepted definition.
This award winning article published in the Financial Analysts Journal argues that unlike standard factors, such as value, momentum, and size, quality lacks a commonly accepted definition. The piece tests quality factors commonly used by investment firms and finds that profitability and investment-related characteristics tend to capture most of the quality-related premia.