Christian KurzMenschliches Verhalten, Kapitalmarktanomalien und ihre Ausnutzung durch kombinierte Momentum- und Trendfolgestrategien

About this book deutschenglish

This publication focuses to the topic of behavioural oriented strategies for the creation of risk-adjusted excess-returns in international equities market. Market anomalies, which are not consistent with the neoclassical capital market theory, are the primary starting point for behavioural oriented investment strategies. For example, various empirical research show that there are indications that future price developments of various asset classes can be predicted with a certain reliability on the basis of historical price data, thus resulting in an autocorrelation of returns. Within this publication empirical analysis is used to verify to which extent the combination of momentum and trendfollowing strategies can result in excess returns in compared to traditional B&H strategies.