Ukraine: "Business Perspectives" Publishing Company
The Internet and smartphone industries have been considered the star industries in recent decades. We thus explore whether investors would profit by investing stocks in the IC industry, which used to be considered the star industry in Taiwan. According to the overreaction hypothesis, we investigate whether investors would profit by buying loser portfolios or selling winner portfolios. Momentum strategies seem to be appropriate for trading stocks in the star industry, which apparently contradict the stock market overreaction hypothesis.
Investment Management and Financial Innovations 11(4), p.49-53