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Crowded Trades, Volatility and the Valuation of Low Volatility Strategies

Low volatility strategies have become quite popular from both an applied research and investing front. Correspondingly, as low volatility strategies have increased in profile, investors have questioned how they will know when these strategies become a “crowded trade.”

Topics Examined:

• What Is a Crowded Trade?
• Stock Market Volatility and Uncertainty
• Low Volatility Strategies and the Signal to Noise Ratio
• Crowded Trades and the Valuation of Low Volatility Strategies
• When Will Low Volatility Strategies Become Crowded?

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