$MOMENTUM - Momentum has been a strong performing factor over the past year, suggesting potential continued outperformance.
$QUALITY - Quality has been a strong factor in recent years, though there are questions about measurement methods.
$LOWVOL - Low volatility strategies, such as the conservative formula, offer downside protection, potentially outperforming in bearish markets.
$SMALLCAP - Investors should consider allocating to small caps for portfolio diversification, though performance may be driven more by valuation changes than operating performance.
Bearish:
$VALUE - Value investing has underperformed in recent years, with only brief periods of outperformance.