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size factor < 0 -> large (from what I remember, measured in terms of stock price * num of stocks outstanding).
value factor < 0 -> "growth" firm (defined as low B/M value).
hard to generalize whether a mature company would have size factor < 0 and value factor > 0. A lot depends on its relative size (for size factor) and particularly industry (for value factor).
You can directly read a paper by Fama and French on "Multifactor explanations of asset pricing anomalies" for example. |
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