Analyst Sentiment as a Factor Consideration

Preview
An analyst's equity opinion encompasses how a variety of different interrelated forces may impact the future performance of a company. In "Analyst Sentiment as a Factor Consideration," we construct an analyst-sentiment factor that tracks changes in analyst expectations and then examine its relationship with global-equity performance. ©2023 With Intelligence. Republished with permission from the Journal of Investing , from: Waman Virgaonkar, Abhishek Gupta, Ashish Lodh, and Mehdi Alighanbari. 2023. "Analyst Sentiment as a Factor Consideration." Journal of Investing 32, no. 5 (August).
A comparison of analyst-sentiment with traditional equity-style factors
A comparison of analyst-sentiment with traditional equity-style factors
From Dec. 30, 1994, to Jan. 31, 2022.

Read the full paper

Provide your information for instant access to our research papers.

How to Describe a Factor

As investors perform due diligence on factor products, one area of focus is how well a factor is defined and captured in a portfolio.

The Future of Factor Investing

We explore how innovation in factor investing is reshaping the traditional asset-allocation paradigm and discuss the resulting portfolio-construction and investment-governance challenges brought about by this dislocation.

Measuring Factor Exposures

Accurately estimating factor exposures for stocks and portfolios can be economically relevant and may improve the investment process for a variety of investors, including asset owners, quantitative managers, wealth managers and risk managers.

The content of this page is for informational purposes only and is intended for institutional professionals with the analytical resources and tools necessary to interpret any performance information. Nothing herein is intended to recommend any product, tool or service. For all references to laws, rules or regulations, please note that the information is provided “as is” and does not constitute legal advice or any binding interpretation. Any approach to comply with regulatory or policy initiatives should be discussed with your own legal counsel and/or the relevant competent authority, as needed.