Which of the following is NOT a factor in asset allocation strategies?

In asset allocation strategies, the primary focus is on aligning an investment portfolio with the investor's objectives and circumstances. Investment goals are crucial because they define what the investor hopes to achieve—be it retirement, funding education, or wealth preservation. The time horizon also plays a significant role since it determines how long the funds will be invested, which can influence the level of risk an investor is willing to take. Market trends can inform decisions about the allocation between different asset classes based on current economic conditions and expected future performance.

Stock price history, while it may provide some insights into a particular investment's past performance, is not a fundamental factor in asset allocation strategies. This is because asset allocation is more concerned with the broader categories of investments and how different assets correlate with one another in terms of risk and return rather than focusing on past stock price movements of individual securities. As a result, stock price history does not significantly contribute to the overarching strategy of how to distribute investments within a portfolio.