FAMA French Three Factor Model

1. FAMA-FRENCH three-factor model
1.1. Theoretical foundation, assumptions and formula
1.1.1 The Size Factor (SMB)
1.1.2 The Value Factor (HML)
1.1.3 The Momentum Factor (WML)
2. Expansions of the Fama-French factor
2.1. Carhart four-factor model:
2.2 Fama-french five factors model
3. Critiques and support of the model:(most important part of the chapter)
4.1. Empirical critiques:
4.2. Empirical support: