[[Start here]] → [[Sources]] → Trended Momentum --- A really excellent paper[^1] that illustrates that stocks with a clear price trend outperform those without a clear trend. It improves the momentum effect. See this writeup that summarises this paper: [[smooth trends beat volatile trends]]. ![[Cai - Trended Momentum.png]] [^1]: Cai et al - [Trended Momentum](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4740445)