Selects stocks trading near their 52-week highs with strong price momentum
Selects stocks trading near their 52-week highs with strong price momentum
Momentum investing is grounded in academic research by Jegadeesh and Titman (1993), who demonstrated that stocks with strong recent performance tend to continue outperforming over 3-to-12-month horizons. The strategy has roots in relative strength analysis dating to the early 20th century. Cliff Asness and AQR Capital Management brought momentum into the institutional mainstream, combining it with value in their multi-factor frameworks. The behavioral finance work of Daniel Kahneman and Amos Tversky helps explain the persistence of momentum through cognitive biases such as anchoring and herding.
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Higher-risk profile — expect large swings and deep drawdowns in pursuit of outsized returns.
Stocks currently selected by this strategy's screen, ordered by how many of its criteria they meet.
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Important disclaimer
Backtested KPIs are estimates derived from historical data and do not guarantee future returns. Markets carry risk of loss.
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