In this article, the authors document robust momentum behavior in a large collection of 65 widely studied characteristic-based equity factors around the globe. They show that, in general, individual factors can be reliably timed based on their own recent performance. A time series “factor...

The present paper refers to current deficit that means a difference between import and export of goods and services. In developing countries a rising import of services is justified on the basis of the economic development targets to be achieved. India has been experiencing budget deficit...