Inside these posts: Alpha

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Wall Street’s money on Packers

Forget the oddsmakers. What does the smart money on Wall Street say about the Super Bowl this Sunday? Green Bay over Pittsburgh.

Using a model that assigns teams in the National Football League a value for outperforming market expectations — what investors call alpha — theĀ  Packers will beat the Steelers because the Packers’ alpha is lower. That is, they exceeded expectations less frequently than the Steelers during the season. Get the full story »