[Why do the high-volume momentum winners, compared to the low-volume momentum losers, are long-term overvalued and short-term undervalued? In the following equation, how do you interpret 4,t? i,t = 0,t + Q1,tInMVi,t-1 + a2,tInBMi,t-1 + 23,tr(-2,-12),i + 24,t(-2,-12),i Toveri,t-1 + Ei,t) where r(-2,-12),i is the accumulated return on stock i from months -12 to -2 and Toveri,t-1 is the average daily turnover over the previous month. How could you use this equation to differentiate the high-volume momentum winners and the low-volume momentum losers?]

(20%) Why do the high-volume momentum winners, compared to the low-volume momentum losers, are long-term overvalued and short-term undervalued? In the following equation, how do you interpret 4,t? i,t = 0,t + Q1,tInMVi,t-1 + a2,tInBMi,t-1 + 23,tr(-2,-12),i + 24,t(-2,-12),i Toveri,t-1 + Ei,t) where r(-2,-12),i is the accumulated return on stock i from months -12 to -2 and Toveri,t-1 is the average daily turnover over the previous month. How could you use this equation to differentiate the high-volume momentum winners and the low-volume momentum losers? (20%) Why do the high-volume momentum winners, compared to the low-volume momentum losers, are long-term overvalued and short-term undervalued? In the following equation, how do you interpret 4,t? i,t = 0,t + Q1,tInMVi,t-1 + a2,tInBMi,t-1 + 23,tr(-2,-12),i + 24,t(-2,-12),i Toveri,t-1 + Ei,t) where r(-2,-12),i is the accumulated return on stock i from months -12 to -2 and Toveri,t-1 is the average daily turnover over the previous month. How could you use this equation to differentiate the high-volume momentum winners and the low-volume momentum losers