Analysts Don’t Catch Alpha but Their Behavior Bias Do!
4 Pages Posted: 10 Nov 2020
Date Written: September 21, 2020
This article was not written for discriminating against analysts. If their roles have often been controversial through pessimistic articles, I remain convinced that my fellow analysts have an important role to play in the markets.
Although known by financial players, their contribution is often questioned:
- do they have a real impact on prices? - how to create alpha thanks to their recommendations and target prices? So many questions that have drawn the attention of Quantology to provide a quantitative answer.
Keywords: Analyst, Recommendation, Target Price, Alpha, Portfolio, Asset Management, Bias
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