Value vs momentum: Which is the better investment strategy?

Value vs momentum: Which is the better investment strategy?

Business Desk | November 6, 2024

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It focuses on identifying stocks that are trading below their intrinsic value. Investors seek bargains, believing that the market will eventually recognise the company’s worth, leading to price appreciation.

Value Investing

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It is based on the idea that stocks that have performed well in the recent past are likely to continue doing so.

Momentum Investing

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Image: Canva

Value investors rely heavily on fundamental analysis, looking at earnings, revenue, debt levels, while Momentum investing, however, leans more towards technical indicators.

Analysis

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Value investors typically adopt a long-term approach, holding stocks for several years.

Long-term Focus

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Momentum investors, on the other hand, usually look for shorter-term gains, capitalising on current market trends. They’re quicker to buy and sell based on market dynamics, aiming to benefit from price shifts.

Short-term Gains

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Value investing tends to outperform in market downturns, as undervalued stocks are seen as safer. Momentum strategies often excel during strong bull markets, as trends gain steam.

Market Cycles Affect Both

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Value investing carries the risk that a stock may remain undervalued or take time to realise its potential. Momentum investing risks arise from sudden reversals, where a stock’s trend might abruptly change direction.

Risks Involved in Both Strategies

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Value investing may suit conservative investors who are willing to wait for returns, while momentum investing can attract aggressive investors looking to benefit from market trends.

Who Should Consider Value vs Momentum

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Experts often recommend a balanced portfolio approach, combining both value and momentum investments.

Finding the Right Balance

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Moneycontrol advises users to check with certified experts before taking any investment decisions.

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Next: Investors Poorer By Rs 5.99 Lakh Crore: 5 Factors Behind Today’s Market Crash
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