We have explained our approach on crowding a number of times, as shown in the links below: Quantifying Herd Mentality In Today’s Markets The VP Crowding Score In Action Crowded names have negatively skewed forward return expectations. By quantifying crowding, we can use the score to help with portfolio risk management or to highlight new investment opportunities.
U.S. Equities: Top/Bottom Names by Crowding
thanks for sharing !
You are very welcome.