A comprehensive list of factors brings predictive stability and predictive stability and predictive power.

The cheaper the stock, the better the outlook for future returns.

Less volatile stocks tend to have negative abnormal profits; more volatile stocks tend to have positive abnormal profits.

Behaviorists tell us that we tend to overweight and overreact to the most recently received information. If we do, we will find that the information that we thought was so important becomes tempered, and reduced in significance, by new and related information that follows.

In real-world Finance, they don't pay for elegance. They pay for power - predictive power.

If we observe the performance of only those funds that remain active, we will tend to find that the average performance of the surviving funds exceeds that of the market.

So you see, in the end, it is nearly certain that the power of prediction must triumph over the arrogance of elegance.