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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[ Read More ]There are many positive aspects to choosing the best way to trade, and another of these is in your capacity to participate in typically the virtual foreign currency business by means of using a technique called «Bitcoin trading». By using this type of stock trading, you will be able to have a bigger profit stage
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