Contrarian investment strategy : a superior active portfolio approach
Joint Authors
Hasan, Muhammad Fayiz
Faris, Ali Ahmad
Abd al-Sattar, Nada Abd al-Qadir
Source
The Iraqi Magazinje for Managerial Sciences
Issue
Vol. 16, Issue 66 (31 Dec. 2020), pp.240-253, 14 p.
Publisher
University of Karbala College of Management and Economics
Publication Date
2020-12-31
Country of Publication
Iraq
No. of Pages
14
Main Subjects
Abstract EN
Amongst the foreseen well-known investment strategies, this study tries to test the validity of forming a superior active portfolio based on a contrarian investment strategy.
To reach this aim, we have been using monthly stock’s close prices of 37 listed-companies in the Iraq stock exchange (ISX) as sample, which was to extend throughout the period between January 2005 to January 2015.
The applied method regards to forming an Active portfolio that outperforms the market-index portfolio according to paradoxical expectations for the market performance by using 49 mixed strategies for ranking and holding periods.
The principle of forming the Contrarian active portfolio is based on buying the lose stocks in the previous period and selling the winners for that same period, this mechanism iterated to generate return that called contrary return.
The produced return tested under statistical and economical significancy in the same time.
The major finding is that contrarian returns (After transaction cost) appears in the short-term for Iraq stocks exchange.
American Psychological Association (APA)
Hasan, Muhammad Fayiz& Faris, Ali Ahmad& Abd al-Sattar, Nada Abd al-Qadir. 2020. Contrarian investment strategy : a superior active portfolio approach. The Iraqi Magazinje for Managerial Sciences،Vol. 16, no. 66, pp.240-253.
https://search.emarefa.net/detail/BIM-1263255
Modern Language Association (MLA)
Hasan, Muhammad Fayiz…[et al.]. Contrarian investment strategy : a superior active portfolio approach. The Iraqi Magazinje for Managerial Sciences Vol. 16, no. 66 (2020), pp.240-253.
https://search.emarefa.net/detail/BIM-1263255
American Medical Association (AMA)
Hasan, Muhammad Fayiz& Faris, Ali Ahmad& Abd al-Sattar, Nada Abd al-Qadir. Contrarian investment strategy : a superior active portfolio approach. The Iraqi Magazinje for Managerial Sciences. 2020. Vol. 16, no. 66, pp.240-253.
https://search.emarefa.net/detail/BIM-1263255
Data Type
Journal Articles
Language
English
Notes
-
Record ID
BIM-1263255