Peta factor premium — 4 faktor utama (Fama-French, Carhart, Hou-Xue-Zhang)
Value (HML)
Book-to-market tinggi
+4.5%/yr, σ 12%
Size (SMB)
Saham kecil > besar
+2.5%/yr, σ 10%
Momentum (WML)
Pemenang 12-1
+8.0%/yr, σ 16%
Quality (QMJ)
Profitabilitas tinggi
+3.5%/yr, σ 9%