Academic backing vs. promises: telling signal from marketing
The signals market is full of promises without proof. A useful filter: is there peer-reviewed research explaining why that edge should exist?
Anomalies that survive usually have an economic story and decades of literature, not a six-month backtest. That doesn't guarantee it works today, but it raises the prior a lot versus an idea invented last night.
Our criterion: combine academic backing with our own honest validation (survivorship-free, net of costs, with a verdict). Neither theory alone nor curve alone: both.
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