Analyst Sentiment as a Factor Consideration

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.

A comparison of analyst-sentiment with traditional equity-style factors

From Dec. 30, 1994, to Jan. 31, 2022.