Market momentum : theory and practice

• Main Authors: Satchell, Stephen Ellwood, 1949- (Author), Grant, Andrew Robert, 1982- (Author)
• Format: Electronic eBook
• Language: English
• Published: Hoboken : Wiley, 2021.
• Edition: First Edition.
• Series: Wiley finance series.
• Subjects: finanční analýza; ekonomie > psychologické aspekty; behaviorální ekonomie; cenné papíry; finanční trhy; financial analysis; economics > psychological aspects; behavioral economics; securities; financial market; elektronické knihy; monografie; electronic books; monographs
• ISBN: 9781119599364; 9781119599371; 9781119599470; 9781119599326
• Physical Description: 1 online zdroj.

"Broadly, financial market momentum occurs when past high returns are followed by subsequent high returns, while past low returns are similarly followed by subsequent low returns. It is claimed that the momentum phenomenon contravenes the Efficient Markets Hypothesis. Consequently, it has been...