چکیده مقاله
Momentum and reversal investment strategy yields higher returns on the market based on predictable patterns of assets These two methods are used in the management of stock portfolios, but also used in other markets and securities Investors in these methods, by using the last price of an asset, decide to buy or sell the asset The aim of this study is that combining momentum strategy with reversal strategy and measure their profitability in the Tehran Stock Exchange The statistical population of this study is all companies listed in Tehran Stock Exchange According to several criteria, 30 companies were selected by the method of Systematic Removal Sampling between 2011 and 2017, and winning and losing portfolios were formed The average returns of the two winning and losing portfolios were compared using the t student test The results showed that in some periods with a three and six month maintenance period, the use of this strategy was profitable, but this strategy was not approved during the one month profitability period
کلیدواژهها
نویسندگان
Mohamad Nadiri
Faculty Member at University of Tehran, Farabi College, School of Management and Accounting, Qom, Iran
Hajar Mahmoudi
University of Tehran, Master of financial management, Farabi College, Qom, Iran
شیوه ارجاع
Nadiri, Mohamad and Mahmoudi, Hajar,1400,Combining momentum strategy with reversal strategy and investigation the profitability of them in Tehran Stock Exchange,1st international conference on the mutation of management science, economics and accounting,Sari
ارائهشده در
مجموعه مقالات اولین کنفرانس بین المللی جهش علوم مدیریت، اقتصاد و حسابداری19 اسفند 1400 · ساری