动量交易策略

动量交易策略与反转交易策略国际实证比较研究

Empirical Comparative Study of Momentum Strategy and Contrarian Strategy in International Security Markets

中国股市的行业动量交易策略研究

Study of Industry Momentum Strategy in Chinese Stock Market

行为金融策略中最为典型的是反向投资策略和动量交易策略。

Among the behavioral finance strategies , contrarian investment strategy ( CIS ) and momentum trading strategy ( MTS ) are most usually and profitability .

眼下解释有很多：投资者在寻找避险资产；对经济增长忧心忡忡；担心通货紧缩；采取动量交易策略。

There are plenty of explanations around : investors are searching for safe havens ; terrified about growth ; worrying about deflation ; chasing momentum .

解释了反应不足与反应过度后，接下来就讨论相应的投资策略，即短期的动量交易策略和长期的反转交易策略，并总结了国内外有关这两种策略有效性的实证研究。

After explaining under-reaction and over-reaction , we study corresponding investment strategies : momentum investment strategy and contrarian investment strategy . Many studies have already proved these strategies efficient .

因此，真正的动量交易策略需要稳定的出场规则，保护利润但又要尽量地获得更多的利润。

Therefore , a true momentum strategy needs to have solid exit rules to protect profits while still being able to ride as much of the extension move as possible .

行为投资分析方法从投资者的各种行为偏差出发，采取一系列的积极交易和管理策略，包括成本平均策略、时间分散化策略、反向投资策略、动量交易策略及设立止损点的交易策略等。

Starting with behavioral deviations on the part of investors , analytical method of behavioral investment takes a host of proactive trading and management strategies including cost averaging strategy , time spreading strategy , reverse investment , dynamic trading and setting up " stop " point and etc.

采用动量效应构造的交易策略十分普遍地运用于实务领域，并在国内外学术界引起了广泛的关注，成为金融研究领域中的热点问题。

The trading strategy which is based on the momentum effect is widely applied in the physical field and it has aroused the widespread attention in the academic world .