scholarly journals Short term momentum profits and their source: a business indicators’ approach

2013 ◽  
Vol 59 (No. 12) ◽  
pp. 563-577
Author(s):  
A. Ejaz ◽  
P. Polak
Keyword(s):  
Stock Markets ◽  
Primary Objective ◽  
Future Research ◽  
Momentum Effect ◽  
Short Term ◽  
Momentum Profits ◽  
The Future ◽  
Secondary Objective ◽  
Number Of Authors ◽  
Starting A Business

The main objective of the paper is to seek the source that can explain the momentum profits because the source of momentum profits has been disputed. The secondary objective of the paper is to affirm the findings of the author about the presence of the short term momentum effect and to reaffirm the notion that CAPM cannot explain the momentum profits supported by a large number of authors. For the primary objective, a set of variables has been chosen, that fall under the category of “Business Indicators”, to explain the momentum profits. It is found that a variable “Starting a Business” could explain the source of the momentum profits whereas other variables may have a negligible or no influence over the momentum profits. It is also reaffirmed that a short term momentum effect has been found in 14 stock markets and the CAPM could not explain the momentum profits. This study is not conclusive due to the limitation of data but it does give a source of the momentum profits and it sheds light on the future research about the sources that can explain momentum profits in a great detail.

scholarly journals Short-Term Momentum Effect: a Case of Middle East Stock Markets

2015 ◽  
Vol 16 (1) ◽  
pp. 104-112 ◽  
Author(s):  
Abdullah Ejaz ◽  
Petr Polak
Keyword(s):  
Middle East ◽  
Stock Markets ◽  
Middle Eastern ◽  
Future Research ◽  
Momentum Effect ◽  
Short Term ◽  
Portfolio Returns ◽  
Momentum Profits ◽  
Capm Model

The objective of this paper is to find short-term momentum effect in stock markets of the Middle East and to examine whether short-term momentum profits can be explained by risk-based CAPM model. Seven major stock markets from the Middle East were selected. Short-term momentum effect was found in all seven stock markets and CAPM does not adequately explain the short-term momentum profits but momentum portfolio returns are statistically significant. This paper is first attempt to bring major stock markets of the Middle East together and examine them for the short term momentum effect phenomenon. Future research should include more stock markets in order to have a better understanding of Middle Eastern stock markets.

scholarly journals Spontaneous Nonaneurysmal Subarachnoid Hemorrhage: Review of 75 Cases

2005 ◽  
Vol 2 (1) ◽  
pp. 59-66
Author(s):  
Mohan R. Sharma ◽  
Gerald A. Grant ◽  
Heather A. Nicoletto ◽  
Colleen M. Douville ◽  
David W. Newell
Keyword(s):  
Subarachnoid Hemorrhage ◽  
Statistical Correlation ◽  
Primary Objective ◽  
World Federation ◽  
Short Term ◽  
Term Outcome ◽  
Short Term Outcome ◽  
High Incidence ◽  
Secondary Objective ◽  
Nonaneurysmal Subarachnoid Hemorrhage

The primary objective of this study was to describe the clinical, radiological, and transcranial Doppler (TCD) ultrasonography characteristics of patients with spontaneous, nonaneurysmal subarachnoid hemorrhage (SNSAH), and analyze their short- term outcome at discharge. The secondary objective was to determine their risk factors for the development of vasospasm.Seventy-five patients with SNSAH were analyzed in terms of clinical, radiological, and TCD parameters, as well as Glasgow Outcome Scale (GOS) at discharge. The patients were then divided into two groups based on whether or not they developed vasospasm by TCD ultrasonography. Twenty of 75 patients (26.7%) had vasospasm by TCD criteria. Age, sex, cigarette smoking, hypertension, clinical Hunt and Hess and World Federation of Neurological Surgeons (WFNS) grading, Fisher’s grade on computerized tomography (CT) scan, or discharge GOS score did not correlate with the development of vasospasm. Hydrocephalus, identified in 11 (14.7%) patients upon admission, was significantly more common in patients with vasospasm (p< 0.0001). Patients with vasospasm stayed in the hospital significantly longer than those without vasospasm (P<0.001).  Vasospasm in SNSAH is more prevalent than previously thought. There is no statistical correlation between the incidence of vasospasm in patients with SNSAH and age, sex, smoking, hypertension, and different admission clinical and Fisher’s grades. However, the presence of hydrocephalus at admission correlated significantly with the development of vasospasm. Despite the high incidence of vasospasm, there is no difference in short-term clinical outcome at discharge between the patients with and without vasospasm. Nepal Journal of Neuroscience, Volume 2, Number 1, 2005, page: 59-66

scholarly journals The Use of Temporal Check-All-That-Apply and Category Scaling by Experienced Panellists to Evaluate Sweet and Dry Ciders

Beverages ◽  
2021 ◽  
Vol 7 (2) ◽  
pp. 24
Author(s):  
Rachael Moss ◽  
Sophie Barker ◽  
Matthew B. McSweeney
Keyword(s):  
North America ◽  
Food Industry ◽  
Primary Objective ◽  
Sensory Properties ◽  
Future Research ◽  
Category Scaling ◽  
Secondary Objective

Cider is a growing market in North America, but more studies need to be completed to fully understand ciders’ sensory properties. The primary objective of this study was to identify the differences in the sensory properties of ciders described as “sweet” or “dry” using both static (category scales) and dynamic (temporal check-all-that-apply, TCATA) sensory methodologies. The secondary objective was to evaluate experienced panellists with a familiar methodology (category scales) and an unfamiliar methodology (TCATA). The sweet ciders were characterized by sweet, floral, cooked apple, and fresh apple attributes, and they had a sour aftertaste. The dry ciders were found to be bitter, sour, earthy, and mouldy, and they had a sour and bitter aftertaste. The experienced panellists produced reproducible results using both methodologies; however, they did not find small differences between the cider samples. Future research should investigate a wider range of cider and investigate ciders’ aftertaste. More studies need to be completed on experienced panellists and on when researchers and the food industry should use them.

scholarly journals Working Capital Management in Blue Bharath Exim Pvt.Ltd, Chennai

2019 ◽  
Vol 8 (2S8) ◽  
pp. 148-152
Keyword(s):  
Excessive Amount ◽  
Future Research ◽  
Capital Management ◽  
Working Capital ◽  
Short Term ◽  
Working Capital Management ◽  
The Future ◽  
Administration Procedure

Working capital is the distinction between current resources and current liabilities, which is a piece of capital that needn't to satisfy for the time being. That is, working capital mirrors the overall security of short-term capital. We can be educated on the endeavor's money related hazard, by the benefit of working capital and some related pointers. By and large, the additionally working capital endeavors possess, the less budgetary hazard they may confront. Be that as it may, an excessive amount of working capital isn't reasonable for the undertakings who wish a long-term advancement, as the lost benefit. We propose to improve the working capital administration, for its significance and money related vigor. Notwithstanding, there are seldom looks into associated with developing a working capital administration framework. [1],[ 3],[5] To consummate the administration procedure, we propose an effective working capital administration framework on execution, which might be a changing cycle. We would like to give a reference to the future research and the board rehearses

scholarly journals Mechanisms and outcomes of the supercharged end-to-side nerve transfer: a review of preclinical and clinical studies

2020 ◽  
pp. 1-9
Author(s):  
Nicholas von Guionneau ◽  
Karim A. Sarhane ◽  
Gerald Brandacher ◽  
Shehan Hettiaratchy ◽  
Allan J. Belzberg ◽  
...  
Keyword(s):  
Peripheral Nerve ◽  
Axonal Regeneration ◽  
Functional Outcomes ◽  
Nerve Transfer ◽  
Primary Objective ◽  
Future Research ◽  
Time Period ◽  
Long Time ◽  
Secondary Objective ◽  
Preclinical And Clinical Studies

Proximal peripheral nerve injuries often result in poor functional outcomes, chiefly because of the long time period between injury and the reinnervation of distal targets, which leads to muscle and Schwann cell atrophy. The supercharged end-to-side (SETS) nerve transfer is a recent technical innovation that introduces donor axons distally into the side of an injured nerve to rapidly innervate and support end organs while allowing for additional reinnervation after a proximal repair at the injury site. However, the mechanisms by which donor axons grow within the recipient nerve, contribute to muscle function, and impact the regeneration of native recipient axons are poorly understood. This uncertainty has slowed the transfer’s clinical adoption. The primary objective of this article is to comprehensively review the mechanisms underpinning axonal regeneration and functional recovery after a SETS nerve transfer. A secondary objective is to report current clinical applications in the upper limb and their functional outcomes. The authors also propose directions for future research with the aim of maximizing the clinical utility of the SETS transfer for peripheral nerve surgeons and their patients.

Hierarchical Long-Term and Short-Term Production Optimization

SPE Journal ◽  
2010 ◽  
Vol 16 (01) ◽  
pp. 191-199 ◽  
Author(s):  
G.M.. M. van Essen ◽  
P.M.J.. M.J. Van den Hof ◽  
J.D.. D. Jansen
Keyword(s):  
Life Cycle ◽  
Optimization Problem ◽  
Primary Objective ◽  
Production Optimization ◽  
Cycle Performance ◽  
Short Term ◽  
Secondary Objective ◽  
Life Cycle Optimization ◽  
Term Performance

Summary Model-based dynamic optimization of oil production has a significant potential to improve economic life-cycle performance, as has been shown in various studies. However, within these studies, short-term operational objectives are generally neglected. As a result, the optimized injection and production rates often result in a considerable decrease in short-term production performance. In reality, however, it is often these short-term objectives that dictate the course of the operational strategy. Incorporating short-term goals into the life-cycle optimization problem, therefore, is an essential step in model-based life-cycle optimization. We propose a hierarchical optimization structure with multiple objectives. Within this framework, the life-cycle performance in terms of net present value (NPV) serves as the primary objective and shortterm operational performance is the secondary objective, such that optimality of the primary objective constrains the secondary optimization problem. This requires that optimality of the primary objective does not fix all degrees of freedom (DOF) of the decision variable space. Fortunately, the life-cycle optimization problem is generally ill-posed and contains many more decision variables than necessary. We present a method that identifies the redundant DOF in the life-cycle optimization problem, which can subsequently be used in the secondary optimization problem. In our study, we used a 3D reservoir in a fluvial depositional environment with a production life of 7 years. The primary objective is undiscounted NPV, while the secondary objective is aimed at maximizing shortterm production. The optimal life-cycle waterflooding strategy that includes short-term performance is compared to the optimal strategy that disregards short-term performance. The experiment shows a very large increase in short-term production, boosting first-year production by a factor of 2, without significantly compromising optimality of the primary objective, showing a slight drop in NPV of only -0.3%. Our method to determine the redundant DOF in the primary objective function relies on the computation of the Hessian matrix of the objective function with respect to the control variables. Although theoretically rigorous, this method is computationally infeasible for realistically sized problems. Therefore, we also developed a second, more pragmatic, method relying on an alternating sequence of optimizing the primary-and secondary-objective functions. Subsequently, we demonstrated that both methods lead to nearly identical results, which offers scope for application of hierarchical long-term and short-term production optimization to realistically sized flooding-optimization problems.

scholarly journals COVID-19: An Outcome of Biodiversity Loss or a Conspiracy? Investigating the Attitudes of Environmental Students

2021 ◽  
Vol 13 (9) ◽  
pp. 5307
Author(s):  
Georgios Tsantopoulos ◽  
Aristotelis C. Papageorgiou ◽  
Evangelia Karasmanaki
Keyword(s):  
Climate Change ◽  
Infectious Diseases ◽  
Biodiversity Conservation ◽  
Biodiversity Loss ◽  
Primary Objective ◽  
Conspiracy Theories ◽  
Increased Risk ◽  
The Future ◽  
Secondary Objective ◽  
The Media

The global environment is being constantly degraded, placing humans at increased risk for outbreaks of infectious diseases. In this regard, environmental quality must be enhanced in order to prevent pandemics in the future. However, it is unknown whether future environmental experts are aware of the intricate relationship between environmental degradation and infectious diseases. This question is important because if they lack awareness about this relationship, they may not be able to contribute to biodiversity conservation which, in turn, can prevent outbreaks of infectious diseases. Hence, the aim of this paper is to investigate the attitudes of environmental students towards the pandemic. The primary objective is to examine their views on the origin of COVID-19 and a secondary objective is to discover the factors that affect the endorsement of conspiracy and non-conspiracy theories on the origin of COVID-19. Our findings indicated that an alarmingly high percentage of students endorsed the conspiracy theory that COVID-19 is a man-made virus for which there was a vaccine before it emerged, whereas only one in five students perceived that the virus is associated with climate change. These students are the future scientists who will be responsible for biodiversity conservation and climate change mitigation. Therefore, it is necessary to pay more attention to environmental students, both in Greece and elsewhere, and examine if such perceptions stem from any deficiencies in curricula or from the effects of the media.

Market States and Momentum: Evidence from the Dhaka Stock Exchange

2017 ◽  
Vol 20 (02) ◽  
pp. 1750011 ◽  
Author(s):  
Mostafa Saidur Rahim Khan
Keyword(s):  
Stock Returns ◽  
Stock Exchange ◽  
Market Performance ◽  
Regression Coefficients ◽  
Nonlinear Relationship ◽  
Momentum Effect ◽  
Short Term ◽  
Momentum Profits

This study examines the momentum effect in the Dhaka Stock Exchange (DSE) listed stock returns on the basis of market states. Momentum profits are found to be significantly positive in UP market states but insignificant in DOWN market states. Momentum profits evident in UP market states are also found to revert in the long term. The evidence of short term momentum and long term reversal hold true even after adjusting for risks. In addition to short-term momentum and long-term reversal, regression coefficients also provide evidence for a positive but nonlinear relationship between momentum profits and market states. Maximum momentum profits are found at the median market performance not at the peak. Findings of this study suggest that investors’ overreaction causes momentum profits in the DSE.

scholarly journals Momentum Effect in Developed and Emerging Stock Markets

2020 ◽  
Vol 2 (2) ◽  
pp. 1-1
Author(s):  
Zulfiqar Ali Imran ◽  
Woei-Chyuan Wong ◽  
Rusmawati Ismail
Keyword(s):  
Stock Markets ◽  
Efficient Market Hypothesis ◽  
Investment Strategy ◽  
Investment Strategies ◽  
Momentum Effect ◽  
Short Term ◽  
Emerging Stock Markets ◽  
Contradictory Finding ◽  
Momentum Investing ◽  
Abnormal Profits

The study aims to reaffirms the existence of short-term momentum effect in 13 developed and emerging stock markets where previous literature has lack of consensus. Although many studies emphasis on the existence of momentum effect, but still, there are substantial number of researchers that deny the its presence. The contradictory finding of many researchers over the existence of momentum effect, raises a serious question, to what extend our stock markets are informationally efficient and whether investor can make abnormal profits by using momentum investment strategies. This study applies momentum investment strategy, J6K6, to calculate momentum returns. Our study finds negative significant momentum effect in all 13 stock markets. Although momentum effect is present in 13 countries but Investors are not able to attain abnormal profit through momentum investing. These findings have an utmost importance for practitioners that they should not adopt momentum investment strategies in these countries as these strategies are generating lose. Moreover, stock market regulators should formulate these markets on the notion of efficient market hypothesis.

scholarly journals A new airborne electromagnetic and magnetic survey of Inglefield Land, North-West Greenland: Project AEM Greenland 1994–1998

1995 ◽  
Vol 165 ◽  
pp. 64-68
Author(s):  
R.W Stemp ◽  
L Thorning
Keyword(s):  
Primary Objective ◽  
Magnetic Survey ◽  
Home Rule ◽  
Short Term ◽  
North West ◽  
The Public ◽  
Airborne Electromagnetic ◽  
Secondary Objective ◽  
Mining Exploration ◽  
Exploration Activity

Late in 1993 the Greenland Home Rule Government decided to finance a five-year programme of airborne geo­physical surveying over selected regions of Greenland, project AEM GREENLAND 1994–1998, with approximately five million kroner per year. The primary objective is to stimulate mining exploration activity in Greenland over the short term. The secondary objective is to provide data, which will have a lasting effect in the interpretation of the geology in selected parts of Greenland. The Geological Survey of Greenland (GGU) manages the project, carries out interpretations of the data, and will maintain the acquired data in digital databases as a service to the public and mining companies (MINEX 1994a, b).

Sign in / Sign up

Export Citation Format

Share Document