Momentum profits
Momentum Profits and Macroeconomic Risk
... how momentum profits (defined simply as decile ten minus decile one returns) line up with the month-by-month temporary factor loading shifts shown in Table ...2. Momentum profits also display ...
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Macroeconomic risk and seasonality in momentum profits
... Neither the capital asset pricing model nor the Fama–French three-factor model can account for momentum profits (Jegadeesh and Titman, 1993; Fama and French, 1996; Grundy and Martin, 2001). Recently, some ...
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Short term momentum profits and their source: a business indicators’ approach
... explaining profits of the momentum and the SB and MP share a direct relationship with each other which means that if setting up a business is easy in a country, than it is favourable to implement a ...
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Economic activity and momentum profits : further evidence.
... price momentum anomaly refers to the evidence that stocks that had out- performed in the recent past continue to outperform in the near future, whereas stocks that under- performed continue to perform poorly ...
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Heterogeneous Beliefs And Momentum Profits
... to momentum. In the first iteration, momentum portfolios are formed using the 12-7-1-momemtum strategy introduced by Novy-Marx (2012), as his research findings show that momentum strategies based on ...
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Short term momentum and contrarian profits on the Bucharest Stock Exchange before and during the global crisis
... The different reactions from the two components of BSE could be explained by the fact that the main actors on BET market were foreign investors which, instead, don’t find attractive the RASDAQ market. The global crisis ...
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Essays on foreign exchange rate predictability: a thesis presented in partial fulfilment of the requirements for the degree of Doctor of Philosophy in Finance at Massey University, Palmerston North, New Zealand
... cross-sectional momentum in equity markets ...of momentum in 1-12 month foreign exchange (FX) returns in 48 different currencies of up to 10% ...currency momentum profits of over 3% ...form ...
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A Model of Momentum
... For helpful comments, we thank Heitor Almeida, Ilona Babenko, Frederico Belo, John Campbell, Hui Chen, Jerome Detemple, Bob Dittmar, Hui Guo, Dirk Hackbarth, Kewei Hou, Jennifer Huang, Tim Johnson, Stavros Panageas, Neil ...
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Wages, profits and rent sharing
... To recapitulate, consider the textbook model after an exogenous rise in demand for the products of industry j. In a competitive labor market with frictions, profits πj and wages wj will at first rise together. The ...
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Relativistic properties of a molecule : energy, linear momentum, angular momentum and boost momentum to order 1/c2
... In the present section, we give our main results: an explicit and general description of the energy, linear mo- mentum, angular momentum and boost momentum of a molecule to order 1 / c 2 . Before describing ...
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When for-profits and not-for-profits compete: theory and empirical evidence from retail banking
... and profits? In a non-banking context, Tirole notes that, "[m]ost cross-sectional analyses find a weak but statistically significant link between concentration and profitability (1988, ...
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The Inevitability of Market-Wide Underpricing of Mortgage Default Risk
... In this paper we identify the conditions which give rise to market wide mispricing of real estate risk. In the presence of demand deposit insurance, lending officials of banks may be induced to underprice risk to gain ...
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05, Momentum17
... The same principle explains why dashboards are padded. If the air bags do not deploy (or are not installed in a car), the driver and passengers run the risk of stopping their momentum by means of a collision with ...
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Profits, efficiency and Irish banks
... Allocative efficiency is a price concept, the ability to achieve optimal input combination at a given price ratio, whereas technical efficiency is a production concept, the ability to ac[r] ...
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Aerodynamic Analysis on a Car to Reduce Drag Force using Vertex Generator
... 5.3 MOMENTUM EQUATIONS: The equations based on the laws of conservation of momentum or on the principle of momentum, states that, the net force acting on fluid mass is equal to the chang[r] ...
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HOW DO THEY DIFFER: Co-ops, C-Corps, LLCs, Non-Profits, L3Cs, CMGs
... • C-Corps - Retained profits and sale of shares to investors • LLCs - LLC members’ investments and retained profits • Non-Profits - Grants, individual contributions, fees for services • [r] ...
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Momentum crashes
... for momentum. This is not surprising for several reasons. First, momentum strategies buy past winners and sell past losers, while value strategies typically buy longer- term past losers and sell winners ...
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RESOURCE STOCKS, INNOVATION ACTIVITY & PERFORMANCE: WHAT DRIVES TEMPORARY & PERSISTENT ADVANTAGE?
... complementary argument stresses that a firm may prefer to maintain its existing organizational routines since doing so is perceived as less risky and more rewarding than exploring innovative alternatives with which they ...
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Taxing Profits in a Changing World
... Japan has, throughout the period, maintained one of the highest tax rates, under almost any of the measures considered (see below). The statutory corporate income tax rate in Japan is made up of a number of taxes, shown ...
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The Definition of Universal Momentum Operator of Quantum Mechanics and the Essence of Micro Particle’s Spin——To Reveal the Real Reason That the Bell Inequality Is Not Supported by Experiments
... of momentum operator. In the coordi- nate space, when momentum operator is acted on non- eigen functions, the obtained result, called as non-eigen values, are complex numbers in ...of momentum ...
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