notices - See details
Notices
building-capital-markets
THEME: CAPITAL MARKETS
14 January 2026 In Practice Brief

In Practice Brief: The Many Facets of Stock Momentum

CFA Institute Research and Policy Center

By isolating stock-specific momentum from earnings announcements, the study shows it predicts returns across the US, Europe, and Japan. This approach avoids factor momentum bias, supports underreaction theories, and revives interest in the post-earnings drift.

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