• "Demystifying FinBERT: How Transformer Models Turn Financial Text into Market Insights" with Ali Jaffri and Hassan A. Butt. The Journal of Portfolio Management.

• "Beyond the Traditional VIX: A Novel Approach to Identifying Uncertainty Shocks in Financial Markets"  with Abootaleb Shirvani, Svetlozar T. Rachev, and Frank J. Fabozzi. Journal of Risk and Financial Management, 18, 11.

• "Optimizing Portfolios with Pakistan-Exposed Exchange-Traded Funds: Risk and Performance Insight"  with Abootaleb Shirvani, Ali Jaffri, Svetlozar T. Rachev, and Frank J. Fabozzi. Journal of Risk and Financial Management, 18, 158.

"Winners vs. Losers: Momentum-based Strategies with Intertemporal Choice for ESG Portfolios"  with Abootaleb Shirvani, Ali Jaffri, Svetlozar T. Rachev, and Frank J. Fabozzi. 

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Abstract: We introduce a state-dependent momentum framework that integrates ESG regimeswitching with tail-risk–aware reward–risk metrics. Solving a finite-horizon Bellman equation, we construct long–short portfolios that adapt to pro- and anti-ESG regimes using the Stable Tail Adjusted Return and Rachev ratios. Applied to Russell 3000 equities, Dow Jones 30 stocks, and cryptocurrencies, we show that ESG-loser portfolios significantly outperform ESG winners during pro-ESG periods, revealing short-term mispricings driven by sentiment. This effect is strongest under a two-week formation/holding rule and is robust across tail-sensitive metrics. Our results underscore the value of dynamic, regime-aware momentum strategies under ESG constraints.

• "Pricing the Yield Curve with Global FX Stress: AFNS Evidence on Maturity Loadings and Inversions" with Ali Jaffri, Svetlozar T. Rachev, and Frank J. Fabozzi. 

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• "Greed and Fear in Investors: Dislocation via Financial Market Views" with Abootaleb Shirvani, Ali Jaffri, Svetlozar T. Rachev, and Frank J. Fabozzi. 

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• "Behavioral Probability Weighting and Portfolio Optimization under Semi-Heavy Tails" with Abootaleb Shirvani, Ali Jaffri, Svetlozar T. Rachev, and Frank J. Fabozzi. 

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• "Advancing Portfolio Optimization: Adaptive Minimum-Variance Portfolio and Adaptive Minimum-Risk Rate Frameworks"  with Abootaleb Shirvani, Ali Jaffri, Svetlozar T. Rachev, and Frank J. Fabozzi. 

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• "Multivariate Affine GARCH with Heavy Tails: A Unified Framework for Portfolio Optimization and Option Valuation"  with Abootaleb Shirvani, Ali Jaffri, Svetlozar T. Rachev, and Frank J. Fabozzi. 

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• "Forecasting Flash Crashes with Subordinated Lévy Processes"  with Abootaleb Shirvani, Ali Jaffri, Svetlozar T. Rachev, and Frank J. Fabozzi.

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• "A Unified Financial Index for Geopolitical and Environmental Risks: Construction, Risk Management, and Derivative Applications"  with Abootaleb Shirvani, Ali Jaffri, Svetlozar T. Rachev, and Frank J. Fabozzi. 

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• "The Ticketmaster and Live Nation Saga: A Robust Merger Analysis"  with Noah Liptack, Ali Jaffri, and Michael D. Noel. 

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• "The Fed Information Effect: Spillovers in the Subprime Housing Market in the United States"  with Ali Jaffri.

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