---
title: Cross-Sectional Test for Missing Factors
url: https://www.ml-quant.com/papers/ssrn/4577921/
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 4577921
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4577921
featured: 2023-09-21
citations: unknown
topic: Asset Pricing & Factors
---


# Cross-Sectional Test for Missing Factors

The paper argues that traditional multifactor models like CAPM are incomplete, while the ZCAPM model seems to cover all factors and explains CAPM alphas over time.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4577921
- Identifier: SSRN 4577921
- Released: 2022-09-09
- First featured: Quant Letter No. 16 (2023-09-21): https://www.ml-quant.com/issues/2023-09-21/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Asset Pricing & Factors

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