Recent studies indicate that due to lower transaction costs, intraday patterns of returns and volume persisted and result in profitable momentum trading strategies.

Name: Recent studies indicate that due to lower transaction costs, intraday patterns of returns and volume persisted and result in profitable momentum trading strategies.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The statement is true as lower transaction costs lead to stronger intraday patterns of returns and volume, which in turn result in profitable momentum trading strategies.

Recent Studies Indicate That Due to Lower Transaction Costs, Intraday