Siri, Julián R.; Serur, Juan A.; Dapena, José P. - 2017
Conventional financial theory considers ex-ante that risk, generally measured by the volatility, has to be … is the momentum effect which denotes an ongoing movement of the prices of financial assets in a certain direction, for a … of this paper is to test the existence of excess returns from momentum strategies. To do the aforementioned, we test …
