masterThesis
Diseño y análisis de una estrategia de inversión enfocada en momentum y aplicada en el mercado accionario colombiano
Fecha
2024Autor
Uribe Restrepo, Andrés
Institución
Resumen
Investing in the stock market, or "the biggest game in town" as Burton G. Malkiel calls it in his book A Random Walk Down Wall Street, has been a topic of wide interest worldwide. From stay-at-home parents to pure mathematicians like Jim Simons (1938-2024) interact in a public market where they set prices according to strategies or opinions. One of the strategies known in financial jargon is momentum. Within its applications there may be variations or modifications, but its basis is based on selecting assets based on recent price behavior, taking advantage of market inertia. Brought to Colombia, and through the analysis of the behavior of stock prices, we seek to evaluate the viability and performance of a strategy based on momentum to generate consistent returns over one year applied in Colombia’s stock market.