Articles & Insights
Tacita Capital Commentary  |  15 November 2011

Harnessing the Power of Momentum

Momentum is defined as the tendency for investments that have performed relatively well in the recent past to continue to do so and for relatively poorly performing investments to continue to fare poorly. It is a well-documented anomaly in modern finance. Numerous academic studies have confirmed that, when measured in periods of approximately three to twelve months, past investment winners tend to keep on outperforming while past losers tend to keep underperforming. Read more >