Retail Investor Sentiment and Behavior

An Empirical Analysis
2011
ISBN: 978-3-8349-2713-2
Verlag: Gabler Verlag

Buch, Englisch, 158 Seiten, Format (B × H): 148 mm x 210 mm, Gewicht: 264 g

Using a unique data set consisting of more than 36.5 million submitted retail investor orders over the course of five years, Matthias Burghardt constructs an innovative retail investor sentiment index. He shows that retail investors’ trading decisions are correlated, that retail investors are contrarians, and that a profitable trading strategy can be based on these aggregated sentiment measures.

Zielgruppe

Research

Autoren/Hrsg.

Burghardt, Matthias

Fachgebiete

• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Anlagen & Wertpapiere
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Börse, Rohstoffe

Inhaltsverzeichnis

Overview of Sentiment Indicators in Research and Practice; Investor Sentiment Construction

Construction and Analysis of the Euwax Sentiment Index; Retail Investor Herding; The Predictive Power of Retail Investor Sentiment

Über Autor(innen)

Matthias Burghardt received a doctorate degree in business administration from the Karlsruhe Institute of Technology where he worked as a research fellow under the supervision of Prof. Dr. Christof Weinhardt at the Institute of Information Systems and Management. He currently works at a leading European exchange organization for retail investors.