Research & Analysis

Implied volatility across S&P 500 sector ETFs reveals how investors are pricing risk differently across the economy in real time. These analytics track shifting risk expectations sector by sector, a pattern-detection and quantitative visualization methodology applicable to many contexts.

Not all institutional investors affect firm value the same way. This research, published in a leading finance journal, documents how dedicated long-term investors reduce stock misvaluation and improve corporate governance, while transient investors do the opposite, with implications for how portfolio concentration and turnover shape the companies they hold.

Stock options prices embed investors' probabilistic beliefs about future events, including regulatory outcomes. This research publication shows implied price paths for major healthcare firms contingent on passage or failure of the Affordable Care Act, using options data traded ahead of the 2010 vote. The close tracking of actual prices to the passage scenario illustrates how options markets can serve as real-time forecasts of policy impact.