Forecast Accuracy Uncertainty and Momentum

Forecast Accuracy Uncertainty and Momentum

We demonstrate that stock price momentum and earnings momentum can result from uncertainty surrounding the accuracy of cashflow forecasts. Our model has multiple information sources issuing cashflow forecasts for a stock. The investor combines these forecasts into an aggregate cashflow estimate that...

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Bibliographic Details
Main Authors: HAN, Bing, HONG, Dong, Warachka, Mitchell Craig
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2007
Subjects:
Forecast Accuracy
Uncertainty
Momentum
Bounded Rationality
Appearance of Behavioral Biases
Finance and Financial Management
Portfolio and Security Analysis
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/1558
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/lkcsb_research/1558

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