Construct · 1 fields · 1 citations

quality minus junk: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
qualityminus junk1 CONSTRUCTQuality minus junkASNESS · ASSET PRICING

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Asset pricing

a factor that buys safe, profitable, growing, well-managed firms and sells the opposite, capturing the return to stock quality.

In asset pricing, quality minus junk refers to a factor that buys safe, profitable, growing, well-managed firms and sells the opposite, capturing the return to stock quality. This meaning comes from Asness (2018) in Review of Accounting Studies.[1]

Unit
Recovery means
Measured by

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Nearby constructs

asset2 fields · 2 citationsjingle · one word, two constructsfactor3 fields · 4 citationsjingle · one word, three constructsquality6 fields · 13 citationsjingle · one name, six constructs

References

  1. Asness, C. S., Frazzini, A., & Pedersen, L. H. (2018). Quality minus junk. Review of Accounting Studies, 24(1), 34-112. https://doi.org/10.1007/s11142-018-9470-2

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