Economic Activity and Momentum Profits - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Economic Activity and Momentum Profits write by Paulo F. Maio. This book was released on 2018. Economic Activity and Momentum Profits available in PDF, EPUB and Kindle. We show that economic activity plays an important role in explaining momentum-based anomalies. A simple two-factor model containing the market and alternative indicators of economic activity as risk factors--industrial production, capacity utilization rate, retail sales, and a broad economic index--offers considerable explanatory power for the cross-section of price and industry momentum portfolios. Hence past winners enjoy higher average returns than past losers because they have larger macroeconomic risk. The model compares favorably with popular multifactor models used in the literature. Moreover, our model is consistent with Merton's Intertemporal CAPM framework, since the macro variables forecast stock market volatility and future economic activity.
Short Term Momentum Profits and Their Source
Short Term Momentum Profits and Their Source - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Short Term Momentum Profits and Their Source write by Abdullah Ejaz. This book was released on 2013. Short Term Momentum Profits and Their Source available in PDF, EPUB and Kindle. The main objective of this paper is to seek the source that can explain the momentum profits because the source of momentum profits has been disputed. The secondary objective of the paper is to affirm the findings of pervious authors about the presence of short term momentum effect and reaffirm the notion that CAPM cannot explain momentum profits supported by large number of authors. For the primary objective, a set of variables has been chosen, that fall under the category of "Business Indicators," to explain the momentum profits. It is found that a variable "Starting a Business" could explain the source of momentum profits whereas other variables may have negligible or no influence over momentum profits. It is also reaffirmed that short term momentum effect has been found in the 14 stock markets and CAPM could not explain the momentum profits. This study is not conclusive due to limitation of data but it does give a source of momentum profits and sheds light on future research about the sources that can explain momentum profits in great detail.
Empirical Study on Business and Emotions (Market) Cycles and Sector Performance in Indian Stock Market
Empirical Study on Business and Emotions (Market) Cycles and Sector Performance in Indian Stock Market - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Empirical Study on Business and Emotions (Market) Cycles and Sector Performance in Indian Stock Market write by Selvarani Mariappan. This book was released on 2017. Empirical Study on Business and Emotions (Market) Cycles and Sector Performance in Indian Stock Market available in PDF, EPUB and Kindle. Business cycles and Market cycles are related, but they both have distinct attributes. The market cycle refers to the ups and downs of the financial market, while the business cycle refers to the ups and downs of the overall economy. The performance of particular sectors in stock market depends on the business cycle. Fluctuations in the business cycle are essentially create distinct changes in the rate of growth in economic activity, particularly changes in three key cycles namely the corporate profit cycle, the credit cycle, and the inventory cycle. Any unforeseen macroeconomic events or shocks can disrupt a trend in market cycle. Changes in these key indicators historically have provided a relatively reliable guide to recognizing the different phases of an economic cycle. The research on interaction between business cycle and market cycle related to Indian stock market is limited. The recent government changes and expectation of policy reforms has made the momentum, which created a new phase in market cycle through regaining of investor confidence in equity market. In this study the researcher wants to find out what are the sectors attracted for investment, factors influencing the creation and sustainability of phase in market cycle. For this research specific sector wise index of NSE and economic variables and FII Sector wise investment data from Jan 2012 to Dec 2014 is selected and collected for finding the relationship between the business and stock market cycle. The research will help to find the conformity of theory and reality, reveal the factors creating the momentum and sector wise performance. GARCH model is employed to find out the relationship between economic variable and sector wise performance.
Advances in Pacific Basin Business, Economics and Finance
Advances in Pacific Basin Business, Economics and Finance - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Advances in Pacific Basin Business, Economics and Finance write by Cheng-Few Lee. This book was released on 2022-03-15. Advances in Pacific Basin Business, Economics and Finance available in PDF, EPUB and Kindle. Advances in Pacific Basin Business, Economics and Finance (APBBEF) is an annual series designed to focus on interdisciplinary research in finance, economics, and management among Pacific Rim countries. All articles published are reviewed and recommended by at least two members of the editorial board.
The Little Book of Stock Market Profits
The Little Book of Stock Market Profits - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Little Book of Stock Market Profits write by Mitch Zacks. This book was released on 2011-10-19. The Little Book of Stock Market Profits available in PDF, EPUB and Kindle. A timely guide to making the best investment strategies even better A wide variety of strategies have been identified over the years, which purportedly outperform the stock market. Some of these include buying undervalued stocks while others rely on technical analysis techniques. It's fair to say no one method is fool proof and most go through both up and down periods. The challenge for an investor is picking the right method at the right time. The Little Book of Stock Market Profits shows you how to achieve this elusive goal and make the most of your time in today's markets. Written by Mitch Zacks, Senior Portfolio Manager of Zacks Investment Management, this latest title in the Little Book series reveals stock market strategies that really work and then shows you how they can be made even better. It skillfully highlights earnings-based investing strategies, the hallmark of the Zacks process, but it also identifies strategies based on valuations, seasonal patterns and price momentum. Specifically, the book: Identifies stock market investment strategies that work, those that don't, and what it takes for an individual investor to truly succeed in today's dynamic market Discusses how the performance of each strategy examined can be improved by combining into them into a multifactor approach Gives investors a clear path to integrating the best investment strategies of all time into their own personal portfolio Investing can be difficult, but with the right strategies you can improve your overall performance. The Little book of Stock Market Profits will show you how.
