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Howard Zhang
Vice President, MSCI Research
About the Contributor
Howard Zhang is a member of MSCI’s Equity Core Research team. His areas of expertise include equity factor models, data science and machine learning. Howard holds a master’s degree in mathematics of finance from Columbia University. He is a CFA® charterholder and certified FRM.
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Blog posts by Howard Zhang
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BLOG
Eyeing the Crowds from Multiple Perspectives
Jul 8, 2021 George Bonne , Jay Yao , Howard Zhang
Learn MoreWe observed historically notable crowding across factors, industries and stocks through the first half of 2021. Examining crowding from multiple perspectives and incorporating multiple data elements provides investors a more holistic view.
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Hedge funds held heavy, relatively illiquid short positions in crowded stocks before the January 2021 short squeeze. We created a risk factor that added explanatory power and may provide insights into potential short squeezes and other risks.
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How does one identify or quantify a bubble? We propose a framework for assessing the “bubbliness” of stocks and portfolios, rooted in the idea that bubbles are driven by the same forces, and share characteristics with crowded trades.
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BLOG
Measuring Firms’ Remote-Workforce Abilities
Jul 14, 2020 Howard Zhang , Daniel R. Barrera , Manuel Rueda
Learn MoreIt’s clear that some companies were better positioned to take advantage of a remote work environment than others. We built a hypothetical “remote-operation capacity” factor to seek to measure the effect on different firms.