The empirical study on the momentu and contrarian strategies of momentum life cycle in taiwan stock market.
| Autor: | Yu-Pin Huang, 黃佑斌 |
|---|---|
| Rok vydání: | 2011 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 99 This research mainly discusses the momentum life cycle hypothesizes proposed by Lee and Swaminathan (2000), in order to probe into the stock market of Taiwan. Since there is little domestic literature studying different industries in Taiwan by the analysis of the momentum strategy and momentum life cycle, this research focuses on different industries in the stock market of Taiwan, the profit-making situation under long and short terms, and the opportunities on the probation of different investment momentum strategies. The momentum effect reveals the stock returns have a lasting phenomenon in the rate of returns of the stock. The stock rose in the past may rise continuously, and the stock that fell in the past may also fall continuously. The prediction of the momentum displays is not only a main object for many analysts, but also an indicator for legal personalities to estimate the tendency of the stock price. Moreover, it becomes an important topic for many investors today. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
| Externí odkaz: |
|