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URN: urn:nbn:de:swb:90-181160

Retail Investor Sentiment and Behavior - an Empirical Analysis

Burghardt, Matthias

Abstract:
Using a unique data set of retail investor orders submitted to the European Warrant Exchange, the Euwax Sentiment Index is being developed to accurately represent an actual measure of retail investor sentiment. It can be shown that retail investors are on average contrarians who trade in a correlated way and exhibit herding behavior both on a market and a stock level. Finally, it is shown that retail investor sentiment on individual stocks can be used for a profitable trading strategy.


Zugehörige Institution(en) am KIT Institut für Informationswirtschaft und -management (IISM)
Publikationstyp Hochschulschrift
Jahr 2010
Sprache Englisch
Identifikator KITopen-ID: 1000018116
Verlag Karlsruhe
Abschlussart Dissertation
Fakultät Fakultät für Wirtschaftswissenschaften (WIWI)
Institut Institut für Informationswirtschaft und -management (IISM)
Prüfungsdaten 12.05.2010
Referent/Betreuer Prof. C. Weinhardt
Schlagworte Retail investor sentiment, herding, derivatives
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