Investing strategies as continuous rising (falling) share prices released
Manhwa Wu (),
Paoyu Huang () and
Yensen Ni ()
Additional contact information
Manhwa Wu: Ming Chuan University
Paoyu Huang: Soochow University
Yensen Ni: Tamkang University
Journal of Economics and Finance, 2017, vol. 41, issue 4, 763-773
Abstract We argue that continuous rising (falling) share prices might cause herding behaviors due to investors’ sentiments aroused. To my best of our understanding, we argue that this study pioneers to explore the trading performance after continuous rising (falling) prices, which might contribute to the existing literature in finance. By employing the constituent stocks of DJ 30, FTSE 100, and SSE 50 as our samples, we reveal that contrarian strategies are proper for continuous falling prices instead of continuous rising prices. We argue that the results reveled might benefit for investors to trade these constituents’ stocks.
Keywords: Continuous rising (falling) prices; Momentum strategies; Herding behaviors; Contrarian strategies; Investors’ sentiments (search for similar items in EconPapers)
JEL-codes: G02 G11 G14 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://link.springer.com/10.1007/s12197-016-9377-3 Abstract (text/html)
Access to the full text of the articles in this series is restricted.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:spr:jecfin:v:41:y:2017:i:4:d:10.1007_s12197-016-9377-3
Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/12197/PS2
Access Statistics for this article
Journal of Economics and Finance is currently edited by James Payne
More articles in Journal of Economics and Finance from Springer, Academy of Economics and Finance Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla ().