--- title: "Factors | RupeeCase Blog" description: "Momentum, value, quality, size and low volatility: what each premium is, why it decays once published, and why owning the blend beats timing it." source_url: "https://www.rupeecase.com/blog/topic/factors/" --- RupeeCase notes . Topic # Factors Momentum, value, quality, size and low volatility: what each premium is, why it decays once published, and why owning the blend beats timing it. * **22**notes in this topic * **6**to read in order * **3**questions answered 01Read in this order ## Six notes that carry the idea. 1. [06Multi factor stacking: the peak is at three5 min . 23 May 2026](/blog/2026-05-23-morning-multi-factor-stacking/) 2. [06Multi factor stacking: the peak is at three5 min . 23 May 2026](/blog/2026-05-23-morning-multi-factor-stacking/) 3. [06Multi factor stacking: the peak is at three5 min . 23 May 2026](/blog/2026-05-23-morning-multi-factor-stacking/) 4. [06Multi factor stacking: the peak is at three5 min . 23 May 2026](/blog/2026-05-23-morning-multi-factor-stacking/) 5. [06Multi factor stacking: the peak is at three5 min . 23 May 2026](/blog/2026-05-23-morning-multi-factor-stacking/) 6. [06Multi factor stacking: the peak is at three5 min . 23 May 2026](/blog/2026-05-23-morning-multi-factor-stacking/) 02Every note ## 22 notes, newest first. 1. [Momentum factor primerMomentum means ranking on twelve months with the latest month skipped, a premium of about four points a year in India, paid out lumpy and interrupted by three crashes.11 May 2026 . 6 min](/blog/2026-05-11-evening-momentum-primer/) 2. [Momentum factor primerMomentum means ranking on twelve months with the latest month skipped, a premium of about four points a year in India, paid out lumpy and interrupted by three crashes.11 May 2026 . 6 min](/blog/2026-05-11-evening-momentum-primer/) 3. [Momentum factor primerMomentum means ranking on twelve months with the latest month skipped, a premium of about four points a year in India, paid out lumpy and interrupted by three crashes.11 May 2026 . 6 min](/blog/2026-05-11-evening-momentum-primer/) 4. [Momentum factor primerMomentum means ranking on twelve months with the latest month skipped, a premium of about four points a year in India, paid out lumpy and interrupted by three crashes.11 May 2026 . 6 min](/blog/2026-05-11-evening-momentum-primer/) 5. [Momentum factor primerMomentum means ranking on twelve months with the latest month skipped, a premium of about four points a year in India, paid out lumpy and interrupted by three crashes.11 May 2026 . 6 min](/blog/2026-05-11-evening-momentum-primer/) 6. [Momentum factor primerMomentum means ranking on twelve months with the latest month skipped, a premium of about four points a year in India, paid out lumpy and interrupted by three crashes.11 May 2026 . 6 min](/blog/2026-05-11-evening-momentum-primer/) 7. [Momentum factor primerMomentum means ranking on twelve months with the latest month skipped, a premium of about four points a year in India, paid out lumpy and interrupted by three crashes.11 May 2026 . 6 min](/blog/2026-05-11-evening-momentum-primer/) 8. [Momentum factor primerMomentum means ranking on twelve months with the latest month skipped, a premium of about four points a year in India, paid out lumpy and interrupted by three crashes.11 May 2026 . 6 min](/blog/2026-05-11-evening-momentum-primer/) 9. [Momentum factor primerMomentum means ranking on twelve months with the latest month skipped, a premium of about four points a year in India, paid out lumpy and interrupted by three crashes.11 May 2026 . 6 min](/blog/2026-05-11-evening-momentum-primer/) 10. [Momentum factor primerMomentum means ranking on twelve months with the latest month skipped, a premium of about four points a year in India, paid out lumpy and interrupted by three crashes.11 May 2026 . 6 min](/blog/2026-05-11-evening-momentum-primer/) 11. [Momentum factor primerMomentum means ranking on twelve months with the latest month skipped, a premium of about four points a year in India, paid out lumpy and interrupted by three crashes.11 May 2026 . 6 min](/blog/2026-05-11-evening-momentum-primer/) 12. [Momentum factor primerMomentum means ranking on twelve months with the latest month skipped, a premium of about four points a year in India, paid out lumpy and interrupted by three crashes.11 May 2026 . 6 min](/blog/2026-05-11-evening-momentum-primer/) 13. [Momentum factor primerMomentum means ranking on twelve months with the latest month skipped, a premium of about four points a year in India, paid out lumpy and interrupted by three crashes.11 May 2026 . 6 min](/blog/2026-05-11-evening-momentum-primer/) 14. [Momentum factor primerMomentum means ranking on twelve months with the latest month skipped, a premium of about four points a year in India, paid out lumpy and interrupted by three crashes.11 May 2026 . 6 min](/blog/2026-05-11-evening-momentum-primer/) 15. [Momentum factor primerMomentum means ranking on twelve months with the latest month skipped, a premium of about four points a year in India, paid out lumpy and interrupted by three crashes.11 May 2026 . 6 min](/blog/2026-05-11-evening-momentum-primer/) 16. [Momentum factor primerMomentum means ranking on twelve months with the latest month skipped, a premium of about four points a year in India, paid out lumpy and interrupted by three crashes.11 May 2026 . 6 min](/blog/2026-05-11-evening-momentum-primer/) 17. [Momentum factor primerMomentum means ranking on twelve months with the latest month skipped, a premium of about four points a year in India, paid out lumpy and interrupted by three crashes.11 May 2026 . 6 min](/blog/2026-05-11-evening-momentum-primer/) 18. [Momentum factor primerMomentum means ranking on twelve months with the latest month skipped, a premium of about four points a year in India, paid out lumpy and interrupted by three crashes.11 May 2026 . 6 min](/blog/2026-05-11-evening-momentum-primer/) 19. [Momentum factor primerMomentum means ranking on twelve months with the latest month skipped, a premium of about four points a year in India, paid out lumpy and interrupted by three crashes.11 May 2026 . 6 min](/blog/2026-05-11-evening-momentum-primer/) 20. [Momentum factor primerMomentum means ranking on twelve months with the latest month skipped, a premium of about four points a year in India, paid out lumpy and interrupted by three crashes.11 May 2026 . 6 min](/blog/2026-05-11-evening-momentum-primer/) 21. [Momentum factor primerMomentum means ranking on twelve months with the latest month skipped, a premium of about four points a year in India, paid out lumpy and interrupted by three crashes.11 May 2026 . 6 min](/blog/2026-05-11-evening-momentum-primer/) 22. [Momentum factor primerMomentum means ranking on twelve months with the latest month skipped, a premium of about four points a year in India, paid out lumpy and interrupted by three crashes.11 May 2026 . 6 min](/blog/2026-05-11-evening-momentum-primer/) 03Go deeper ## From the notes to the course, and to the cards. [Learn path 4The free Learn course on the same ground, with a certificate at the end.](/learn/path-4/) [18 index algosEvery RupeeCase strategy, model back tested, in your own demat.](/strategies/) [All eight topicsBack to the hub: reading paths, search and the latest notes.](/blog/) 04Questions, answered with figures ## Three questions readers ask about factors. What is a momentum strategy?Rank a universe on the past twelve months with the latest month skipped, buy the top decile, hold three to six months and re rank. Over twenty years an Indian momentum cohort compounded near 17.8 percent against 13.6 for the Nifty 200 TRI, with a worst twelve month drawdown of minus 38.6 percent. [Read the note: Momentum factor primer](/blog/2026-05-11-evening-momentum-primer/) Do factors stop working after they are published?They shrink. McLean and Pontiff found returns 26 percent lower out of sample and 58 percent lower after publication across 97 published anomalies. Factors with a structural reason to exist survive in weakened form. [Read the note: The edge decays when you read about it](/blog/2026-08-19-morning-the-edge-decays-when-you-read-about-it/) Can you time which factor will lead next year?The record says no. Over a decade the prior year's leading factor repeated only three times in nine hand offs, while an equal weight blend of five factors earned about 10.5 percent a year with a worst year of minus 1.6 percent. [Read the note: Factor timing is a rear view mirror](/blog/2026-07-08-evening-factor-timing/) Explore next ## Where to go next. * [Free module 2.2Introduction to Factors10 min read](/learn/path-2/module-2-2-introduction-to-factors) * [Free module 3.1The Momentum Factor11 min read](/learn/path-3/module-3-1-momentum-factor-deep-dive) * [LearnLearn systematic investing, free11 paths, 70 modules, certificates](/learn/)