Nearly 30 years after its formal discovery,1 the appeal of stock price momentum2 remains in the eye of the beholder.
Read the latest research paper, “Myth-Busting with Momentum: How to Pursue the Premium” by Dimensional Head of Investment Strategist and Vice President Wes Crill, PhD, HERE.
- Narasimhan Jegadeesh and Sheridan Titman, “Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency,” Journal of Finance 48, no. 1 (1993).
- Stock price momentum generally refers to the tendency of stocks with relatively high prior returns to continue their relative outperformance.
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