What is the definition of % Price Chg 3y?
This measures the absolute percentage performance of the share price over the past three years.
Academic research by deBondt and Thaler illustrates that 3 year losers have a tendency to outperform 3y winners. This is the concept of mean reversion at work. Some have suggested that momentum and value investing are correlated.
Which Guru Screens is % Price Chg 3y used in?