2020 was the worst year for the value factor. Worse even than 1999.
On this week’s episode of What Are Your Thoughts, I used Alpha Architect’s QVAL as a proxy for value stocks, given that they employ a hardcore, non watered down approach to value. Their active share is 96%!
Because they really do value, and because value really has sucked, their performance has really, really sucked, as you can see below.
I…
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