Joseph Chen
Associate Professor
Ph.D., Stanford University
Research Expertise: Empirical asset pricing, mutual funds, and foreign exchange
Even in these roller coaster financial times, Associate Professor Joseph Chen believes it is possible to make sense of Wall Street. Chen’s research reveals that stock market returns behave asymmetrically: they are more likely to make extreme moves on the downside than on the upside, and when markets go down, different stocks are more likely to move down together than when markets move up. Chen states that this lopsidedness implies that portfolio diversification provides the least amount
