Value strategy
Low Price-to-Book
Systematically tilt toward stocks priced cheaply against their accounting net worth — the classic Fama-French “value” factor.
~1 year per rebalance; judge over a full market cycle (5+ years)Beginner
Eugene Fama & Kenneth French, “The Cross-Section of Expected Stock Returns” (1992) and the three-factor model (1993); earlier documented by Rosenberg, Reid & Lanstein (1985)