Chordia, Tarun; Shivakumar, Lakshmanan - In: Journal of Finance 57 (2002) 2, pp. 985-1019
A growing number of researchers argue that time-series patterns in returns are due to investor irrationality and thus can be translated into abnormal profits. Continuation of short-term returns or momentum is one such pattern that has defied any rational explanation and is at odds with market...
