A one-of-a-kind reference guide covering the behavioral and
statistical explanations for market momentum and the implementation of
momentum trading strategies
Market Momentum: Theory and Practice is a thorough, how-to reference
guide for a full range of financial professionals and students. It
examines the behavioral and statistical causes of market momentum while
also exploring the practical side of implementing related strategies.
The phenomenon of momentum in finance occurs when past high returns are
followed by subsequent high returns, and past low returns are followed
by subsequent low returns. Market Momentum provides a detailed
introduction to the financial topic, while examining existing
literature. Recent academic and practitioner research is included,
offering a more up-to-date perspective.
What type of book is Market Momentum and how does it serve a range of
readers' interests and needs?
- A holistic market momentum guide for industry professionals, asset
managers, risk managers, firm managers, plus hedge fund and commodity
trading advisors
- Advanced text to help graduate students in finance, economics, and
mathematics further develop their funds management skills
- Useful resource for financial practitioners who want to implement
momentum trading strategies
- Reference book providing behavioral and statistical explanations for
market momentum
Due to claims that the phenomenon of momentum goes against the Efficient
Markets Hypothesis, behavioral economists have studied the topic
in-depth. However, many books published on the subject are written to
provide advice on how to make money. In contrast, Market Momentum
offers a comprehensive approach to the topic, which makes it a valuable
resource for both investment professionals and higher-level finance
students.
The contributors address momentum theory and practice, while also
offering trading strategies that practitioners can study.
