stocks create value for investors? Second, can the multifactor model of Gruber capture the cross-section of average fund …

oil and alternative energy stocks. Results show that an increase in oil prices and the broad market have a statistically …

stocks sold short in Canada. Short interest is defined in relation to trading volume. The results strongly support the …. Excess returns are less negative for stocks with associated options and convertible bonds. Importantly, the evidence is … consistent with the proposition that informed traders short sell Canadian interlisted stocks in Canada, rather than the US, to …

On average, investors in stocks of West Michigan-based companies lost money in 2007. Three out of four companies saw … their stock prices decline. Interestingly, prices of only three of the fourteen stocks comprising the Index rose, while the … others fell, often substantially. How does the Index rise by almost 7% when three-quarters of the component stocks fall, and …

, I find that stocks switch from a low-volatility regime (1.92%) to a high-volatility regime (6.10%) on the day of the … portfolio of stocks. I derive the frequency and severity implications of such exogenous shocks on regime switching models. …