The present study conducts two different strategies in order to exploit the low-volatility anomaly in the U.S., the …, the low-volatility anomaly can be explained by trading volume and operating profitability. In the German market, operating … characteristics play a role in explaining the effect. Overall, our findings provide evidence that the low-volatility anomaly still is …

volatility anomaly'. … impact on stock returns and on their volatility even after adjusting for risk. At the same time we bring evidence for a 'low …

volatility anomaly". … impact on stock returns and on their volatility even after adjusting for risk. At the same time we bring evidence for a "low …