2013) find that the medium-term price momentum
and long-term price reversal of stock returns are negatively related to [R.
Similarly price momentum
investment strategies were not profitable in South Korea and Indonesia.
Various researchers [Barberis et al (1998), Daniel et al (1998) and Hong et al (1999)] have put forward theoretical (behavioral) models of investors' behavior and suggested that price momentum
is consistent with cognitive biases in the way investors interpret imperfect information.
The company expects steel demand and price momentum
to recover in 1H12, although, during the conference call, we got the impression that MMK expects the recovery to take place either late in 1Q12 or more likely in 2Q12.
However, the outlook highlights the potential for a price momentum
change in the second half of 2012.
Secondly, 'adverse selection', where knowledge of a position in a dark pool is used by a counterparty to more effectively trade natural price momentum
As an expert on trend following, price momentum
and ETF securities, here are a few of Mr.
a point from which a dynamic move should take place) in asset prices where volatility and price momentum
are in position to contribute to positive performance to the Strategy.
The best combination of indicators is a low price-to-sales ratio with 52-week price momentum
," he says.
One is the widespread use of stock price momentum
as a fundamental investment criterion.
We argue that a combination of factors such as inadequate financial informati on, thin and discontinuous trading, reliance on price momentum
as a basis for trading, and manipulation by market makers creates the conditions that lead to the positive weekend effect in the Dhaka Stock Exchange.
Barker also parallels today's Internet frenzy with the biotechnology craze, during which several books were written justifying the stock price momentum