The purpose of the study is to measure conjoint effect investment strategy based on gross profitability and 52-week high in Borsa İstanbul for period 2007-2016. suggests investors can profit when they take a long position stocks with high, short low high. portfolio method used analysis. portfolios sorted provide premium but statistically insignificant whereas found positively significant. Besid...

When stocks are trading near their 52-week high investors tend to have low expectation about future returns. We contrast such expectations against firms’ fundamental strength. For firms with strong fundamentals, we confirm that investors’ too low, which is consistent the hypothesis acts as a psychological anchor. report fundamental-strength enhanced strategy significantly outperform uncondition...

We study the 52-week high momentum strategy in international stock markets proposed by George and Hwang [George, T., Hwang, C.Y., 2004. The 52-week high and momentum investing. Journal of Finance 59, 2145–2176.]. This strategy produces profits in 18 of the 20 markets studied, and the profits are significant in 10 markets. The 52-week high momentum profits exist independently from the Jegadeesh ...

The aim of this study is to investigate a behavioral approach by anchoring bias as a criterion to explain 52-week-high strategy and trough this we can find an explain for momentum strategy at uncertainty situation, to the companies listed on the Tehran Stock Exchange. The information uncertainty criteria include the book value to market value (BV / MV), company age (Age), the size of the entity...