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Trading Volume Alpha. Ruslan Goyenko, Bryan T. Kelly, Tobias J. Moskowitz, Yinan Su & Chao Zhang. Share. X LinkedIn Email. Working Paper 33037 DOI 10.3386/w33037 Issue Date October 2024. Portfolio optimization focuses on risk and return prediction, yet implementation costs critically matter. Predicting trading costs is challenging because costs depend on trade size and trader identity, thus ...
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