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First noted by Nobel laureate Eugene Fama in his seminal 1965 paper The Behavior of Stock-Market Prices, the anomaly known as the "short-term reversal" has piqued the curiosity of both professional and retail investors with its promise of immediate, outsized returns. "Short-term reversals" are the market phenomenon that stocks with relatively bad one-week or one-month returns are likely to generate abnormal positive returns in the following one-week or one-month period.