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quidity. This enables us to use 146 stocks with warrants in Australia, which make it more reliable than a smaller sample used in previous study (that is Warrant Momentum Strategies: Evidence from Singapore which utilised only 18 stocks). 

This study essentially extends on the work of Naughton, Ramiah and Veeraraghavan (2006). This earlier study reports returns as high as 14.1% per month but had some practical limitations, such as holding periods of a minimum of one month when short sellers have to close their position at the end of each day.  To overcome this problem, and to take advantage to the momentum profits, the derivatives markets are explored as a means to profit from this strategy.

The research presented here employs three strategies all of which aim to identify momentum 本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。