Are there any studies that validate QA’s approach?
Academic and financial industry studies have provided support for QA’s investment philosophy and the power of price behavior analysis: According to Nobel Prize-winning economist William F. Sharpe, how you allocate your assets among various investment styles may determine up to 90% of your portfolio’s performance.1 “Active asset allocation strategies that exploit the variability of multi-style premiums are far superior to passive and active strategies that invest in stocks of a single style.” 2 “An extensive body of recent finance literature documents that stock returns are predictable based on past price history.” 3 1 Asset Allocation: Management Style and Performance Measurement, William F. Sharpe, The Journal of Portfolio Management, Winter 1992. 2 Multistyle Rotation Strategies: The Benefits are Considerable, Parves Ahmed, Larry J. Lockwood, and Sudhir Nanda, The Journal of Portfolio Management, Spring 2002. 3 Equity Style Rotation, Ruy M. Riberiro, JP Morgan – Market Strategy, Nove
