Chart List

• Chart: Figure 5: Portfolio Performance (Full Sample)

  Cumulative portfolio value for the long-short strategy and benchmark variants over the full sample.

• Chart: Figure 5: Portfolio Performance (Paper Sample)

  Cumulative portfolio value for the long-short strategy and benchmark variants over the paper sample.

• Chart: Overnight vs Intraday RavenPack News

  Daily proportion of RavenPack headlines posted outside vs inside market hours (ET), with average lines.

• Chart: Portfolio Size Diagnostics

  Number of stocks in the long and short portfolios through time.