Finding 6051Emerging EvidenceValidation V0
Alpha decompositions show lingering MKT/HML or IA exposures inflate alphas despite near-zero spreads (mega caps: +41 bps, t=2.62, FF3). Conclusion: multifactor embed mispricing; simpler pass. Caveats: 10-year assumption, small-cap, horizons.
72%Confidence
1Evidence objects
v1Version
DraftStatus
Evidence trail
Supporting72% linkage confidence
Alpha decompositions show lingering MKT/HML or IA exposures inflate alphas despite near-zero spreads (mega caps: +41 bps, t=2.62, FF3). Conclusion: multifactor embed mispricing; simpler pass. Caveats: 10-year assumption, small-cap, horizons.
key_findings bullet 3 · key_findings
Inspect source: NBER WORKING PAPER SERIES PRICING WITHOUT MISPRICING ... →This Finding was extracted from the configured corpus. It is versioned, traceable, and may evolve through editorial review or new corpus evidence.