The 52-Week High and Momentum Investing in International Stock Indexes

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CFA Digest
August 2008 | Vol. 38 | No. 3 | 2 pages
Source: CFA Institute
Ding Du
Daniel J. Larocco, CFA (Reviewer)

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Abstract

It has been generally believed that the tendency for stock price performance to persist in the short term (momentum) and the tendency for long-term reversals were part of the same process. Recent research, however, has revealed evidence to support the idea that momentum and reversals are in fact separate phenomena. In this article, the author extends this research to international stock markets but does not find support for this concept.

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Topics
Portfolio Management
    :
  • Portfolio Concepts from Capital Market Theory
  • ·
  • Equity Portfolio Management Strategies
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Behavioral Finance
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