PT  - JOURNAL ARTICLE
AU  - Stanley G. Eakins
AU  - Stanley R. Stansell
TI  - Do Momentum Strategies Work?
AID  - 10.3905/joi.2004.434552
DP  - 2004 Aug 31
TA  - The Journal of Investing
PG  - 65--71
VI  - 13
IP  - 3
4099  - https://pm-research.com/content/13/3/65.short
4100  - https://pm-research.com/content/13/3/65.full
AB  - The purpose of this study is to investigate whether an investment strategy based on using the prior performance of sector funds to direct future investments can provide superior risk-adjusted performance. Most momentum research had been focused on individual stocks. A few studies have looked at momentum in industries. This study extends this work by investigating whether sector funds capture the success reported using momentum strategies on industry groups.