Size Anomaly
The finding that small firms, measured by total market value, consistently experience larger risk-adjusted returns than larger firms — a contradiction of market efficiency, and the direct origin of small cap portfolios.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
Where this is taught
Free preparation for NISM Series XIX-C← All terms