hrcak mascot   Srce   HID

Croatian Operational Research Review, Vol. 3 No. 1, 2012.

Izvorni znanstveni članak

THE ANALYSIS OF PREDICTABILITY OF SHARE PRICE CHANGES USING THE MOMENTUM MODEL

Tatjana Stanivuk   ORCID icon orcid.org/0000-0001-7407-8239 ; Faculty of Maritime Studies, University of Split, Split, Croatia
Alan Škarica ; NFD Aureus Invest d.d., Zagreb, Croatia
Tonći Tokić ; Credere d.o.o. – Tank Core Solutions, Split, Croatia

Puni tekst: engleski, pdf (464 KB) str. 256-269 preuzimanja: 813* citiraj
APA 6th Edition
Stanivuk, T., Škarica, A. i Tokić, T. (2012). THE ANALYSIS OF PREDICTABILITY OF SHARE PRICE CHANGES USING THE MOMENTUM MODEL. Croatian Operational Research Review, 3 (1), 256-269. Preuzeto s https://hrcak.srce.hr/96826
MLA 8th Edition
Stanivuk, Tatjana, et al. "THE ANALYSIS OF PREDICTABILITY OF SHARE PRICE CHANGES USING THE MOMENTUM MODEL." Croatian Operational Research Review, vol. 3, br. 1, 2012, str. 256-269. https://hrcak.srce.hr/96826. Citirano 20.02.2019.
Chicago 17th Edition
Stanivuk, Tatjana, Alan Škarica i Tonći Tokić. "THE ANALYSIS OF PREDICTABILITY OF SHARE PRICE CHANGES USING THE MOMENTUM MODEL." Croatian Operational Research Review 3, br. 1 (2012): 256-269. https://hrcak.srce.hr/96826
Harvard
Stanivuk, T., Škarica, A., i Tokić, T. (2012). 'THE ANALYSIS OF PREDICTABILITY OF SHARE PRICE CHANGES USING THE MOMENTUM MODEL', Croatian Operational Research Review, 3(1), str. 256-269. Preuzeto s: https://hrcak.srce.hr/96826 (Datum pristupa: 20.02.2019.)
Vancouver
Stanivuk T, Škarica A, Tokić T. THE ANALYSIS OF PREDICTABILITY OF SHARE PRICE CHANGES USING THE MOMENTUM MODEL. Croatian Operational Research Review [Internet]. 2012 [pristupljeno 20.02.2019.];3(1):256-269. Dostupno na: https://hrcak.srce.hr/96826
IEEE
T. Stanivuk, A. Škarica i T. Tokić, "THE ANALYSIS OF PREDICTABILITY OF SHARE PRICE CHANGES USING THE MOMENTUM MODEL", Croatian Operational Research Review, vol.3, br. 1, str. 256-269, 2012. [Online]. Dostupno na: https://hrcak.srce.hr/96826. [Citirano: 20.02.2019.]

Sažetak
Within the context of behavioral finance, there is increasing evidence on predicting the stock returns based on several variables specific for each company. One of these anomalies also identified as the
one which is most difficult to explain within the context of traditional price paradigms, is the effect of price momentum.
It is demonstrated that the shares that have generated the highest (or lowest) returns in the period from 3 to 12 months have the tendency of increase (or decrease) in the following 3 to 12 months. The findings are contrary to the Efficient Market Hypothesis (EMH). The investment industry professionals are aware of the momentum effect, and it seems that the stock evaluation is performed based on the price momentum.
This paper presents empirical evidence on existence of price momentum in the stock market. The anomalies continue to persist.

Ključne riječi
price momentum; shares; proof of anomaly; stock market

Hrčak ID: 96826

URI
https://hrcak.srce.hr/96826

Posjeta: 990 *