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Fidelity Contrafund Really A Momentum Fund....And Good At It
This table istaken from the contrafund article. Could staisticaly minded people explain it in some detail (but not so much as to bore all)? My knowledge level on this just tells me all the coeficients are significant and momentum may be the most significant but I am not certain what momentum means in thi scontext
Comments
Coefficients
t Stat
Intercept 0.15
1.67
Market 0.89
39.68
Size 0.06
2.06
Value 0.06
2.04
Momentum 0.18
9.77