My Foresight
Whatever you see in the next 20 years to come in this country blame the bi-partisan mishandling of ASUU strike.
Let me drop some rough statistics to see what I'm thinking right now.
Almost all the people that participated including me are just waiting to graduate in order to apply for job abroad.
As I'm typing this, I received two mesaages, one is telling me to add her name in those leaving, another is telling me his lecturer in Biochemistry is leaving the country very soon.
There are some that wanted to stay and work in Nigeria despite the odds, but what changes their minds?
The government will suffer the greatest loss as it provide the facilities that trained these students. It spend so much to see these students are well trained hoping that it would benefit from their expertise. But what happen at the end? They leave.
Do you know who's one year victim? He's that person that assumed he'll graduate at the age of 30. This man is at the brink of losing his NYSC certificate. In Nigeria if you're above 30 years of age you won't go for service.
He's victim of circumstance.
This is just how our system operates, so clumsy 🤧.
Who's to be blamed? ASUU or FG, that's not for me to judge.
But I've a strong reason to leave Nigeria so far and I've a strong reason to take my children abroad if I've the means.
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"A trend factor using multiple time lengths outperforms ST reversal, momentum, and LT reversal, which are based on the three price trends separately."
https://t.co/udkvsdw2Lz
2/ This resembles combining multiple measures of ST reversal, momentum, and LT reversal (forecasts determined by walking forward rather than using signs from the full sample).
Unlike normal moving average signals, these are *cross-sectional.* More below:
https://t.co/wkIFLg9jtK
1/ Cross-Sectional and Time-Series Tests of Return Predictability: What Is the Difference? (Goyal, Jegadeesh)
— Darren \U0001f95a (@ReformedTrader) June 18, 2019
"The difference between the performances of TS and CS strategies is largely due to a time-varying net-long investment in risky assets."https://t.co/CSIn3ujN2R pic.twitter.com/XHnVmIart4
3/ Unsurprisingly, the Trend factor formed by this approach outperforms benchmarks in terms of both Sharpe ratio and tail metrics. It's combining momentum with two factors that are negatively correlated to it AND using multiple specifications.
More here:
https://t.co/x8Tloz3iyL
1/ An Executive Summary (in Tweet form) of our new paper
— Adam Butler (@GestaltU) March 27, 2019
Dual Momentum \u2013 A Craftsman\u2019s Perspective
Download here: https://t.co/Y9GlGNohBg
Everything that follows in this thread is based on HYPOTHETICAL AND SIMULATED RESULTS. pic.twitter.com/9m5YJnTdtq
4/ "Average return and volatility of the trend factor are both higher in recession periods. However, the Sharpe ratio is virtually the same.
"Interestingly, all of the factors still have positive average returns.
"Momentum experiences the greatest increase in volatility."
5/ "In terms of maximum drawdown and the Calmar ratio, the trend factor performs the best.
"The trend factor is correlated with the short-term reversal factor (35%), long-term reversal factor (14%), and the market (20%) but is virtually uncorrelated with the momentum factor."