Understanding Z-Scores and Their Shape of Distribution
Learn about the sum of the squared z-scores being equal to the number of z-score values and the shape of the distribution of z-scores being the same as the original shape of the distribution of the underlying data. Understand why this is important in single- or multi-factor investing.
Corey Hoffstein 🏴☠️
CIO @ Newfound Research. 🥞 Return Stacking // 🌊 Liquidity Cascades // 📆 Rebalance Timing Luck. Risk cannot be destroyed, only transformed.