The momentum effect of assets of various classes has been known and presented in the literature for a long time. However, there is no work confirming the existence of a similar effect on intellectual assets. The reason for this lies in a different mechanism for the trade turnover of such assets....

The main idea of this work is to rebuilding the intellectual assets portfolio model taking into account strong heterogeneity of its structural components. Our research shows that more than 40% of assets may be not saleable at all and thus not influence to overall earnings and portfolio risk...