The Profitability of Contrarian and Momentum Strategies in the Danish Stock Market PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download The Profitability of Contrarian and Momentum Strategies in the Danish Stock Market PDF full book. Access full book title The Profitability of Contrarian and Momentum Strategies in the Danish Stock Market by Tino Henriksen. Download full books in PDF and EPUB format.
Author: Tino Henriksen
Publisher:
ISBN:
Category :
Languages : en
Pages : 144
Get Book Here
Book Description
Author: Tino Henriksen
Publisher:
ISBN:
Category :
Languages : en
Pages : 144
Get Book Here
Book Description
Author: Recep Bildik
Publisher:
ISBN:
Category :
Languages : en
Pages : 53
Get Book Here
Book Description
Financial academics and p ...
Author: Artur Naporowski
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
Author: Stefano Mengoli
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
This paper investigates the source of momentum profits, while inferring the validity of the assumptions underlying rational and behavioural theories. Using a unique sample of securities listed in the Italian Stock Exchange from 1950 to 1995, we observe that buying better performing stocks in the previous 3-12 months and selling worse performing stocks over the same period yields significant profits in the short term (less than 1 year). Results also hold when conditioned upon different risk specifications. On the other hand, the continuation effect seems to significantly revert over a longer period. More importantly, in contrast with Conrad and Kaul [Rev. Financ. Stud. 11 (1998) 489], bootstrap and Monte Carlo simulations show that momentum profits are more likely to be generated by stock returns time series properties rather than by their cross-sectional differences. While the overall findings cannot reject the market efficiency hypothesis, we argue that behavioural theory may be a possible story to interpret the continuation effect.
Author: Lukas Salcher
Publisher:
ISBN:
Category :
Languages : en
Pages : 62
Get Book Here
Book Description
Author: Supriya Maheshwari
Publisher:
ISBN:
Category :
Languages : en
Pages : 13
Get Book Here
Book Description
The study explored the effectiveness of momentum and long-term contrarian strategy in the Indian stock market using data from National Stock Exchange (NSE). The study further examined the similarities and difference in momentum and long-term contrarian profitability using multiple return computation method. The results from the study provide support in favor of both momentum and long-term contrarian strategy in the Indian stock market. The strong momentum and contrarian profits in the Indian stock market are not explained by biases and errors in return computation method as argued in International literature. Such results provide support in favor of momentum and long-term contrarian profitability in the Indian stock market. Earlier studies in the Indian context were primarily focused on testing momentum and contrarian profitability. The study enhances the current literature by empirically showing that such mispricing in the Indian stock market is not an outcome of faulty methodology.
Author: Changmei Zhang
Publisher:
ISBN:
Category : Foreign exchange market
Languages : en
Pages : 186
Get Book Here
Book Description
Author: David N. Dreman
Publisher: Vintage Books USA
ISBN: 9780394748931
Category : Investments
Languages : en
Pages :
Get Book Here
Book Description
Author: Leonard Zacks
Publisher: John Wiley & Sons
ISBN: 1118127765
Category : Business & Economics
Languages : en
Pages : 352
Get Book Here
Book Description
Investment pioneer Len Zacks presents the latest academic research on how to beat the market using equity anomalies The Handbook of Equity Market Anomalies organizes and summarizes research carried out by hundreds of finance and accounting professors over the last twenty years to identify and measure equity market inefficiencies and provides self-directed individual investors with a framework for incorporating the results of this research into their own investment processes. Edited by Len Zacks, CEO of Zacks Investment Research, and written by leading professors who have performed groundbreaking research on specific anomalies, this book succinctly summarizes the most important anomalies that savvy investors have used for decades to beat the market. Some of the anomalies addressed include the accrual anomaly, net stock anomalies, fundamental anomalies, estimate revisions, changes in and levels of broker recommendations, earnings-per-share surprises, insider trading, price momentum and technical analysis, value and size anomalies, and several seasonal anomalies. This reliable resource also provides insights on how to best use the various anomalies in both market neutral and in long investor portfolios. A treasure trove of investment research and wisdom, the book will save you literally thousands of hours by distilling the essence of twenty years of academic research into eleven clear chapters and providing the framework and conviction to develop market-beating strategies. Strips the academic jargon from the research and highlights the actual returns generated by the anomalies, and documented in the academic literature Provides a theoretical framework within which to understand the concepts of risk adjusted returns and market inefficiencies Anomalies are selected by Len Zacks, a pioneer in the field of investing As the founder of Zacks Investment Research, Len Zacks pioneered the concept of the earnings-per-share surprise in 1982 and developed the Zacks Rank, one of the first anomaly-based stock selection tools. Today, his firm manages U.S. equities for individual and institutional investors and provides investment software and investment data to all types of investors. Now, with his new book, he shows you what it takes to build a quant process to outperform an index based on academically documented market inefficiencies and anomalies.
Author: Cheng F. Lee
Publisher: World Scientific
ISBN: 9812791698
Category : Business & Economics
Languages : en
Pages : 270
Get Book Here
Book Description
Advances in Quantitative Analysis of Finance and Accounting is an annual publication designed to disseminate developments in the quantitative analysis of finance and accounting. The publication is a forum for statistical and quantitative analyses of issues in finance and accounting, as well as applications of quantitative methods to problems in financial management, financial accounting, and business management. The objective is to promote interaction between academic research in finance and accounting and applied research in the financial community and accounting profession. The chapters in this volume cover a wide range of important topics, including corporate finance and debt management, earnings management, options and futures, equity market, and portfolio diversification. These topics are very useful for both academicians and practitioners in the area of finance.
