Does the investor sentiment affect the stock returns in Taiwan's stock market under different market states
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Climatic change and epidemic disease could influence the investor sentiment. Under such circumstances, how to invest the stock market in different stock market states (bull, bear or neutral) is an important topic for investors. To capture the investor sentiment more precisely, we use principal component analysis to analyze some investor sentiment indicators, and then form a composite index of investor sentiment. These investor sentiment indicators include the turnover rate, the percent change in margin borrowing, the percent change in short interest, net buy/sell, the turnover ratio of major institutional investors, psychological line, and advance decline ratio.
Nội dung trích xuất từ tài liệu:
Does the investor sentiment affect the stock returns in Taiwan’s stock market under different market states
Nội dung trích xuất từ tài liệu:
Does the investor sentiment affect the stock returns in Taiwan’s stock market under different market states
Tìm kiếm theo từ khóa liên quan:
Investor sentiment Principal component analysis Stock returns Market states Stock returns in Taiwan’s stock marketGợi ý tài liệu liên quan:
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