"While it may be tempting to ditch an underperformer and jump onto the one that is running hot, it is unlikely to be a winning strategy over the long term." - So momentum over momentum ETF is a bad idea
Timing any single factor is tricky. My attempts to replicate Factor Momentum has failed in the Indian context while being mildly successful in the US market.
"While it may be tempting to ditch an underperformer and jump onto the one that is running hot, it is unlikely to be a winning strategy over the long term." - So momentum over momentum ETF is a bad idea
Timing any single factor is tricky. My attempts to replicate Factor Momentum has failed in the Indian context while being mildly successful in the US market.
India: https://stockviz.biz/theme-eq/5112F698-E8B0-491C-BFA4-F6CA47A6AEC8
https://us.stockviz.biz/theme-eq/597A212F-62A9-45FA-A49A-3C6C074CA5B9
Momentum does trend but depends on the implementation details. Have to dig into each to figure out if applying a trend overlay makes sense.
https://stockviz.biz/2022/11/27/trending-momentum/
https://stockviz.biz/2022/11/28/trending-momentum-models/