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Equity Shares Outstanding Factor

Apr 08 2021

“Change In Equity Shares Outstanding Factor” Surprises In 2020

  • Apr 8, 2021

Historically, companies that have grown their equity share base over the previous year are apt to underperform the broad market in the ensuing months; those that had reduced shares outstanding tend to outperform. However, the opposite happened over the course of the last year. Here we explore the underlying details to see what contributed to this result.