Abstract
Contrarian trading is a form of active portfolio management that seeks to profit from collective limitations in human behavior that lead to predictable patterns in investment returns. Relevant to these patterns, contrarian investors anticipate performance reversals, thereby taking long positions in past losers and short positions in past winners to exploit them. The returns of contrarian traders seem to be abnormal, although there have been evidence to the contrary, yet not universal.
| Original language | English |
|---|---|
| Title of host publication | Wiley Encyclopedia of Management |
| Publisher | wiley |
| Pages | 1-7 |
| Number of pages | 7 |
| ISBN (Electronic) | 9781118785317 |
| ISBN (Print) | 9781119972518 |
| DOIs | |
| State | Published - 1 Jan 2015 |
| Externally published | Yes |
Bibliographical note
Publisher Copyright:© 2014 John Wiley & Sons, Ltd. All rights reserved.
Keywords
- active portfolio management
- behavioral investments
- contrarian investment strategies
- overreaction hypothesis
- return reversals
ASJC Scopus subject areas
- General Economics, Econometrics and Finance
- General Business, Management and Accounting
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