TY - JOUR T1 - Standing Out From the Crowd: <em>Measuring Crowding in Quantitative Strategies</em> JF - The Journal of Portfolio Management SP - 14 LP - 23 DO - 10.3905/jpm.2013.39.4.014 VL - 39 IS - 4 AU - Rochester Cahan AU - Yin Luo Y1 - 2013/07/31 UR - https://pm-research.com/content/39/4/14.abstract N2 - One of the most frequently cited criticisms of quantitative investing has been the charge that everyone uses the same factors and models. In other words, the popular strategies of the last few decades, such as value and momentum, have become crowded, leaving little room for investors to generate alpha. But is this actually true? The authors propose an empirical framework for measuring crowdedness, and use this to study the crowding in common systematic strategies.TOPICS: In markets, statistical methods, technical analysis ER -