Investigate possibility of applying Contrarian strategy for short-term investment

Two investment, s guideline in stock markets by investment, s managers utilized are Momentum Strategy and Contrarian strategy. Contrarian strategy recommend that the shares which were good function in past, should be selling and the shares which were poor function in past, should be buying. this research designed based on this believe which capital market in proportion to new information shows excessive reaction and to determine prices of succeed shares more than real prices, and to determine prices of succeed shares less than real prices. therefore in future time which market will find out to the mistake in pricing return output have existence about this share. this research Investigate possibility of increase of output of short-term investment and earn unusual output by utilization Contrarian strategy in Iran, s capital market. Community statistics of this research formation five industry of stock market which during the years (1385-1389) have been studied. Analysis data with t-students Test done it. the result of this research shows which average of loser Portfolio in one year cycle or less, no statistically significant difference and more than Winner Portfolio. In fact possibility of increase of output of short-term investment in Iran, s capital market capital by applying of Contrarian strategy does not exist.