This is a summary of links featured on Quantocracy on Monday, 10/23/2023. To see our most recent links, visit the Quant Mashup. Read on readers!
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Unmasking Insights through Human-AI Differences in Earnings Conference Q&A [Alpha Architect]This paper acknowledges the pivotal role of earnings calls in disseminating value-relevant information, with particular emphasis on the Q&A segment. However, it confronts the inherent challenge posed by the unstructured nature of language in these calls, complicating quantitative analysis. In response, the authors innovate by introducing a novel measure designed to grasp the subtleties of
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Determining the Optimal Benchmark for Funds [Finominal]SUMMARY Identifying the right benchmark for a fund or portfolio can be difficult Many common metrics like correlation or betas do poorly for benchmark selection Combining metrics is more effective INTRODUCTION Is gold the right benchmark for gold miners? Although these companies focus on excavating the precious metal, there are plenty of operational issues like staff strikes, collapsing mines, or