Liao, Li-Chuan; Chang, Tzu-Pu; Wang, Ping-Huang - In: International Journal of Business and Economic Sciences … 16 (2023) 1, pp. 71-86
. This study refers to the upward or downward movement in 52- week highs as an updating effect and determines how this effect … the ratio of stock price to 52-week high into denoted two components: price change and updating components. We construct … two momentum strategies, each focusing on adjusting either the price change or the updating component. Additionally, we …