Upon the Usage of Contrarian and Momentum Strategies as a Hybrid in the ISE

Year 2010, Volume: 1 Issue: 2, 93 - 110, 01.06.2010

Turan Öndeş Selçuk Balı

Abstract

The study aimed to determine whether the usage of contrarian and momentum strategies as a hybrid in the ISE porude better reversal than usage of these alone. Additionally, the questions such as can contrarian and momentum strategies produce important returns in different ranking and holding periods? And can the trading volume be used in predicting the reversals of various momentum
portfolios in Turkish stock market? are tried to be investigated shortly. The basic
assumptions of the study are respectively as follows: First of all, the statistical datas
of the buy and sells are in the ISE reflect opinions and behaviours of the investors in
the market. Second, although the global trend has a tendency to approach the
financial markets, the market conditions in Turkey generates dissimilarities between
the ISE and other international markets. The findings show that for some portfolios
in different ranking and holding periods of hybrid strategy can produce abnormal
return.

Keywords

Contrarian Strategy, Momentum Strategy, Buy-Sell Strategies, ISE.

Zıtlık ve Momentum Stratejilerinin Hibrid Bir şekilde İMKB’de Kullanımı Üzerine

Abstract

Keywords

Zıtlık Stratejisi, Momentum Stratejisi, Alım-Satım Stratejileri, MKB