Chapter 14: Latent Factor Models

CAPM, APT, and Fama-French: From Beta to Multifactor Pricing intermediate

How classical asset-pricing models separate exposure from compensation, and why that distinction still frames latent factor methods.

How classical asset-pricing models separate exposure from compensation, and why that distinction still frames latent factor methods.

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References

The Capital Asset Pricing Model
André F. Perold (2004) — Journal of Economic Perspectives
The Elements of Quantitative Investing
Giuseppe A. Paleologo (2025) — John Wiley & Sons
The Cross-Section of Expected Stock Returns
Eugene F. Fama, Kenneth R. French (1992) — The Journal of Finance
Common risk factors in the returns on stocks and bonds
Eugene F. Fama, Kenneth R. French (1993) — Journal of Financial Economics
The Capital Asset Pricing Model: Theory and Evidence
Eugene F. Fama, Kenneth R. French (2004) — Journal of Economic Perspectives
A five-factor asset pricing model
Eugene F. Fama, Kenneth R. French — Journal of Financial Economics
Factor Models of Asset Returns
Gregory Connor, Robert Korajczyk (2009)
Ten Applications of Financial Machine Learning
Marcos López de Prado, Frank J. Fabozzi (2025) — The Journal of Portfolio Management
Enhancing Time Series Momentum Strategies Using Deep Neural Networks
Bryan Lim, Stefan Zohren, Stephen Roberts (2019)