The empirical study on the momentu and contrarian strategies of momentum life cycle in taiwan stock market.

• Main Authors: Yu-Pin Huang, 黃佑斌
• Other Authors: 陳勇諺
• Format: Others
• Language: zh-TW
• Published: 2011
• Online Access: http://ndltd.ncl.edu.tw/handle/97254672276380822196

碩士 === 中國文化大學 === 國際貿易學系 === 99 === This research mainly discusses the momentum life cycle hypothesizes proposed by Lee and Swaminathan (2000), in order to probe into the stock market of Taiwan. Since there is little domestic literature studying different industries in Taiwan by the analysis of the momentum strategy and momentum life cycle, this research focuses on different industries in the stock market of Taiwan, the profit-making situation under long and short terms, and the opportunities on the probation of different investment momentum strategies. The momentum effect reveals the stock returns have a lasting phenomenon in the rate of returns of the stock. The stock rose in the past may rise continuously, and the stock that fell in the past may also fall continuously. The prediction of the momentum displays is not only a main object for many analysts, but also an indicator for legal personalities to estimate the tendency of the stock price. Moreover, it becomes an important topic for many investors today.