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biomaven0

12/26/15 5:23 PM

#198618 RE: linhdtu #198616

Paper is here:

http://www.zebracapm.com/files/Ibbotson-Idzorek-Dimensions_of_Popularity-Preprint.pdf

It's fairly intuitive that "popular" stocks are, on average, highly researched and hence fairly priced, while "unpopular" stocks are more likely to be mis-priced.

Further, "unpopular" stocks can become popular, which will usually result in a price increase, while "popular" stocks can only move (if at all) in the opposite direction.

Peter