The Moving Average Ratio and Momentum

I show the ratio of the short‐term moving average to the long‐term moving average (moving average ratio, MAR) has significant predictive power for future returns. The MAR combined with nearness to the 52‐week high explains most of the intermediate‐term momentum profits. This suggests that an anchori...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	The Financial review (Buffalo, N.Y.) N.Y.), 2010-05, Vol.45 (2), p.415-447
1. Verfasser:	Park, Seung-Chan
Format:	Artikel
Sprache:	eng
Schlagworte:	52-week high anchoring bias behavioral theory Bias efficient market hypothesis G12 G14 Investors momentum moving average Studies
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!