---
title: Time-Varying Equity Premia & Sentiment
url: https://www.ml-quant.com/papers/ssrn/4505699/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 4505699
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4505699
featured: 2023-07-12
citations: unknown
topic: LLMs & Text
---


# Time-Varying Equity Premia & Sentiment

From 1990 to 2022, equity market returns can be predicted using a simple model, with higher returns following high implied volatility and lower returns after high market sentiment.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4505699
- Identifier: SSRN 4505699
- Released: 2023-06-19
- First featured: Quant Letter No. 7 (2023-07-12): https://www.ml-quant.com/issues/2023-07-12/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: LLMs & Text

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