influences the profitability of the original 52-week high momentum strategy. Design/methodology/approach: This paper decomposes … employ a portfolio approach and Fama-MacBeth regression analysis to investigate the profitability of each proposed momentum … original 52-week high measure can increases (decreases) the momentum profit, implying that the updating component dominates the …

the four HXZ factors, namely size, profitability, and investment, cannot be explained by the five FF factors; (4) the best … profitability factor; (5) the maximum Sharpe ratio is achieved by investing about 5% in the market factor, 20% in the value factor …, and roughly the same percentage in the size and profitability factors. The findings are consistent in the three time …

The profitability of analysts' recommendations is documented in numerous studies from all over the world. However, the … use monthly stock level data from Poland and the sample period is 2004-2013. In order to examine the profitability of … companies deliver better returns than the bottom rated companies. Second, we find that the profitability is particularly …

This study investigates how returns on the S&P 500 (SP) dynamically respond to the aggregate corporate profit growth …