Cryptocurrency News

The illusory nature of momentum earnings

The dimension and B/M portfolios are properly diversified, so momentum cannot be attributed to firm- or business-specific returns. Further, trade, size, and B/M portfolios are negatively autocorrelated and cross-serially correlated over intermediate horizons. The proof means that shares covary “too strongly” with one another. I argue that excess covariance, not underreaction, explains momentum in the

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Accounting Methods

From a tax standpoint, it is sometimes advantageous for a brand new business to use the money method of accounting. That way, recording revenue can be put off till the following tax year, whereas expenses are counted right away. Cash-foundation accounting is the best accounting methodology out there. In cash-foundation accounting, you record income whenever

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