Every year the quants at Macquarie Equities Research produce a research note on who they believe will win the Melbourne Cup. Like any good quant research they use a range of signals and I love the fact they use some well known investment risk factors like value, momentum, and quality.
Anyway, their record is quite reasonable and if you are interested in reading it you can download it by clicking here.
Oh yeah…their pick this year is Sea Moon…but its an unconvincing selection as they a few other ponies very highly too.