---
title: Economic Uncertainty & the Beta Anomaly
url: https://www.ml-quant.com/papers/ssrn/4684356/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 4684356
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4684356
featured: 2024-01-09
citations: unknown
topic: Asset Pricing & Factors
---


# Economic Uncertainty & the Beta Anomaly

The beta-alpha anomaly only occurs during times of low economic uncertainty, with retail investors and active mutual funds more prone to pursue high-beta securities.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4684356
- Identifier: SSRN 4684356
- Released: 2022-02-28
- First featured: Quant Letter No. 32 (2024-01-09): https://www.ml-quant.com/issues/2024-01-09/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Asset Pricing & Factors

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