TITLE

Hot Hands, Cold Hands: Does Past Performance Predict Future Returns?

AUTHOR(S)
Droms, William G.
PUB. DATE
May 2006
SOURCE
Journal of Financial Planning;May2006, Vol. 19 Issue 5, p60
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article examines whether or not future performance in the financial market can be predicted by looking at past performance. Most individual investors spend a significant amount of time studying the past performance of the mutual funds they are considering for investment, even though this is not always a reliable indicator of the future performance of a mutual fund, though winners tend to remain the same for a small period of time, at the very least. The article presents an overview of major performance persistence studies published between 1990 and 2005.
ACCESSION #
20803151

 

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