Mun, Johnathan; Kish, Richard; Vasconcellos, Geraldo - In: Applied Financial Economics 11 (2001) 6, pp. 619-640
This paper tests the contrarian investment strategy, which predicts that stocks that consistently underperform (outperform) the market would in subsequent periods outperform (underperform) those stocks that have previously outperformed (underperformed) the market, using a revised nonparameteric...
