Since @virajkhatavkar stopped his experiment and shifted to momentum, I presume his experience was not satisfactory. @1957 ‘s experience above also confirms the same. I think there are many reasons for this.
Firstly, while lower volatility is a desirable characteristic, it may not be a good starting filter to pick stocks. Business fundamentals are more important. Secondly, I have mentioned in the above thread that portfolio volatility is what one should be concerned about, not stock volatility. And lower portfolio volatility can be achieved even with individual stocks having higher volatility. Thirdly, standard deviation may not be the best measure of volatility, though it is the most commonly used. There are other better metrics.
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