|
| << previous | next >> |
Journal description
All volumes of the corresponding journal
All issues of the corresponding volume
All articles of the corresponding issues
Details for article 115 of 194 found articles
| Title: |
Momentum profits and macroeconomic factors |
| Author: |
Chelley-steeley, Patricia Siganos, Antonios |
| Appeared in: |
Applied economics letters |
| Paging: | Volume 11 (2004) nr. 7 pages 433-436 |
| Year: |
2004-06-10 |
| Contents: |
This article tests whether macroeconomic variables and market sentiment influence the size of momentum profits. It finds that although returns to the winner and loser portfolios are influenced by a range of macroeconomic and market wide variables; momentum profits are influenced only by the scale of portfolio outflows. Thus, when investors are sending their capital elsewhere, reduced funds at home, dampen the profitability of the momentum trading strategy. It also finds that when the market closes, below its opening level in the previous six months, momentum profits are higher, which might be a reflection of mean reversion in the market. |
| Publisher: |
Routledge |
| Source file: |
Elektronische Wetenschappelijke Tijdschriften |
Details for article 115 of 194 found articles
| << previous | next >> |