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Author : Maria Ward Otoo
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.E/5 ( download)
Download or read book Consumer Sentiment and the Stock Market written by Maria Ward Otoo and published by . This book was released on 1999 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Ray C. Fair
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (221 download)
Download or read book Consumer Sentiment, the Stock Market, and Consumption Functions written by Ray C. Fair and published by . This book was released on 1971 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Philip David Nathanson
Publisher :
ISBN 13 :
Total Pages : 280 pages
Book Rating : 4.3/5 (97 download)
Download or read book The Relationship Between Consumer Sentiment and Common Stock Prices written by Philip David Nathanson and published by . This book was released on 1970 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Richard L. Peterson
Publisher : John Wiley & Sons
ISBN 13 : 1119163757
Total Pages : 317 pages
Book Rating : 4.1/5 (191 download)
Download or read book Trading on Sentiment written by Richard L. Peterson and published by John Wiley & Sons. This book was released on 2016-03-04 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: In his debut book on trading psychology, Inside the Investor’s Brain, Richard Peterson demonstrated how managing emotions helps top investors outperform. Now, in Trading on Sentiment, he takes you inside the science of crowd psychology and demonstrates that not only do price patterns exist, but the most predictable ones are rooted in our shared human nature. Peterson’s team developed text analysis engines to mine data - topics, beliefs, and emotions - from social media. Based on that data, they put together a market-neutral social media-based hedge fund that beat the S&P 500 by more than twenty-four percent—through the 2008 financial crisis. In this groundbreaking guide, he shows you how they did it and why it worked. Applying algorithms to social media data opened up an unprecedented world of insight into the elusive patterns of investor sentiment driving repeating market moves. Inside, you gain a privileged look at the media content that moves investors, along with time-tested techniques to make the smart moves—even when it doesn’t feel right. This book digs underneath technicals and fundamentals to explain the primary mover of market prices - the global information flow and how investors react to it. It provides the expert guidance you need to develop a competitive edge, manage risk, and overcome our sometimes-flawed human nature. Learn how traders are using sentiment analysis and statistical tools to extract value from media data in order to: Foresee important price moves using an understanding of how investors process news. Make more profitable investment decisions by identifying when prices are trending, when trends are turning, and when sharp market moves are likely to reverse. Use media sentiment to improve value and momentum investing returns. Avoid the pitfalls of unique price patterns found in commodities, currencies, and during speculative bubbles Trading on Sentiment deepens your understanding of markets and supplies you with the tools and techniques to beat global markets— whether they’re going up, down, or sideways.
Author : Meir Statman
Publisher : Oxford University Press
ISBN 13 : 019062647X
Total Pages : 489 pages
Book Rating : 4.1/5 (96 download)
Download or read book Finance for Normal People written by Meir Statman and published by Oxford University Press. This book was released on 2017 with total page 489 pages. Available in PDF, EPUB and Kindle. Book excerpt: Finance for Normal People teaches behavioral finance to people like you and me - normal people, neither rational nor irrational. We are consumers, savers, investors, and managers - corporate managers, money managers, financial advisers, and all other financial professionals. The book guides us to know our wants-including hope for riches, protection from poverty, caring for family, sincere social responsibility and high social status. It teaches financial facts and human behavior, including making cognitive and emotional shortcuts and avoiding cognitive and emotional errors such as overconfidence, hindsight, exaggerated fear, and unrealistic hope. And it guides us to banish ignorance, gain knowledge, and increase the ratio of smart to foolish behavior on our way to what we want. These lessons of behavioral finance draw on what we know about us-normal people-including our wants, cognition, and emotions. And they draw on the roles of these factors in saving and spending, portfolio construction, returns we can expect from our investments, and whether we can hope to beat the market. Meir Statman, a founder of behavioral finance, draws on his extensive research and the research of many others to build a unified structure of behavioral finance. Its foundation blocks include normal behavior, behavioral portfolio theory, behavioral life-cycle theory, behavioral asset pricing theory, and behavioral market efficiency.
Author : Philip David Nathanson
Publisher :
ISBN 13 :
Total Pages : 123 pages
Book Rating : 4.:/5 (13 download)
Download or read book The Relationship Between Consumer Sentiment and Common Stock Prices written by Philip David Nathanson and published by . This book was released on 1900 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mark E. Doms
Publisher :
ISBN 13 :
Total Pages : 94 pages
Book Rating : 4.E/5 ( download)
Download or read book Consumer Sentiment, the Economy, and the News Media written by Mark E. Doms and published by . This book was released on 2004 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The news media affects consumers' perceptions of the economy through three channels. First, the news media conveys the latest economic data and the opinions of professionals to consumers. Second, consumers receive a signal about the economy through the tone and volume of economic reporting. Last, the greater the volume of news about the economy, the greater the likelihood that consumers will update their expectations about the economy. We find evidence that all three of these channels affect consumer sentiment. We derive measures of the tone and volume of economic reporting, building upon the R-word index of The Economist. We find that there are periods when reporting on the economy has not been consistent with actual economic events, especially during the early 1990s.
Author : Lily Xiaoli Qiu
Publisher :
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.:/5 (129 download)
Download or read book Investor Sentiment Measures written by Lily Xiaoli Qiu and published by . This book was released on 2006 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Our paper examines two potential proxies for investor sentiment - the closed end fund discount (CEFD) and consumer confidence (CC). We can validate these proxies against a recently available more direct proxy for investor sentiment from UBS/Gallup. We find that the CEFD has no correlation with the UBS/Gallup survey, while the consumer confidence index does. The latter correlation would likely not be observed if either the consumer confidence index or the UBS/Gallup survey were not measures of some form of generic sentiment.This direct validation is not dependent on a price role for sentiment in financial markets. Going further, our paper finds that only consumer confidence but not the closed-end fund discount plays a robust role in financial market pricing. Changes in consumer confidence can explain the excess returns on small decile stocks. The pathway does not seem to operate only through the real underlying economy (consumption and corporate profits), and it is unaffected by controlling for a measure of CEO confidence changes. Our evidence satisfies a necessary condition for a behavioral perspective (DeLong/Shleifer/Summers/Waldmann 1990), but it is not a sufficient condition. Absent quantitative predictions by either the behavioral or the classical perspective about the exact influence of sentiment/confidence, empirical evidence cannot reject either.
Author : Matthias Burghardt
Publisher : Springer Science & Business Media
ISBN 13 : 3834961701
Total Pages : 170 pages
Book Rating : 4.8/5 (349 download)
Download or read book Retail Investor Sentiment and Behavior written by Matthias Burghardt and published by Springer Science & Business Media. This book was released on 2011-03-16 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author : Matthias W. Uhl
Publisher : Sudwestdeutscher Verlag Fur Hochschulschriften AG
ISBN 13 : 9783838131689
Total Pages : 88 pages
Book Rating : 4.1/5 (316 download)
Download or read book Measuring Media Sentiment written by Matthias W. Uhl and published by Sudwestdeutscher Verlag Fur Hochschulschriften AG. This book was released on 2012-03 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: The literature on behavioral finance and economics has established the notion that the economy and the financial markets are not only driven by fundamentals. Theoretical and practical evidence suggests that the news media have gained in influence over the past years. This book attempts to explain a missing piece of the puzzle in behavioral finance and economics by measuring sentiment in the media and its influence on consumer and investor behavior systematically. Matthias W. Uhl introduces novel and unique datasets to show that quantitative measures of sentiment in the print, TV, and financial markets media work for explaining and predicting private consumption as well as stock markets in the US. Two alternatives, namely news and TV sentiment, for the University of Michigan Index of Consumer Sentiment are introduced, examining their usefulness for explaining and nowcasting US private consumption. Successful trading strategies are built with sentiment from Reuters news to predict US stock markets. The book aims at economists as well as financial market researchers and investors who want to identify alternative ways to explaining and forecasting consumer and investor behavior.
Author : Mauro Bernardi
Publisher : MDPI
ISBN 13 : 3039437852
Total Pages : 146 pages
Book Rating : 4.0/5 (394 download)
Download or read book Bayesian Econometrics written by Mauro Bernardi and published by MDPI. This book was released on 2020-12-28 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the advent of Markov chain Monte Carlo (MCMC) methods in the early 1990s, Bayesian methods have been proposed for a large and growing number of applications. One of the main advantages of Bayesian inference is the ability to deal with many different sources of uncertainty, including data, models, parameters and parameter restriction uncertainties, in a unified and coherent framework. This book contributes to this literature by collecting a set of carefully evaluated contributions that are grouped amongst two topics in financial economics. The first three papers refer to macro-finance issues for real economy, including the elasticity of factor substitution (ES) in the Cobb–Douglas production function, the effects of government public spending components, and quantitative easing, monetary policy and economics. The last three contributions focus on cryptocurrency and stock market predictability. All arguments are central ingredients in the current economic discussion and their importance has only been further emphasized by the COVID-19 crisis.
Author : Lilia Vladimirovna Karnizova
Publisher :
ISBN 13 : 9780889273610
Total Pages : 18 pages
Book Rating : 4.2/5 (736 download)
Download or read book The Stock Market and the Consumer Confidence Channel in Canada written by Lilia Vladimirovna Karnizova and published by . This book was released on 2010 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Elena Ferrer
Publisher :
ISBN 13 :
Total Pages : 47 pages
Book Rating : 4.:/5 (13 download)
Download or read book Consumer Confidence Indices and Stock Markets' Meltdowns written by Elena Ferrer and published by . This book was released on 2014 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consumer confidence indices (CCIs) are a closely monitored barometer of countries' economic health, and an informative forecasting tool. Using European and US data, we provide a case study of the two recent stock market meltdowns (the post-dotcom bubble correction of 2000-2002 and the 2007-2009 decline at the beginning of the financial crisis) to contribute to the discussion on their appropriateness as proxies for stock markets' investor sentiment. Investor sentiment should positively covary with stock market movements (DeLong et al., 1990), however, we find that the CCI-stock market relationship is not universally positive. We also do not find support for the information effect documented in previous literature, but identify a more subtle relationship between consumer expectations about future household finances and stock market fluctuations.
Author : Meir Statman
Publisher :
ISBN 13 :
Total Pages : 21 pages
Book Rating : 4.:/5 (129 download)
Download or read book Consumer Confidence and Stock Returns written by Meir Statman and published by . This book was released on 2002 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial advisors who worked to restrain exuberant investors in the late 1990s, worked equally hard to lift desperate investors in the early 2000s. Will lower stock prices sap the confidence of consumers? Will lower consumer confidence extinguish all hope for investors?We study the consumer confidence measures of the Conference Board and the University of Michigan and the investor sentiment measures of the American Association of Individual Investors and Investor's Intelligence. We find that consumers grow confident when investors grow bullish. Consumer confidence declines when stock prices decline but investors need not fear that declines in consumer confidence would be followed by low stocks returns. Low consumer confidence is followed by high stock returns more often than it is followed by low stock returns.
Author : James G. Frank
Publisher :
ISBN 13 :
Total Pages : 4 pages
Book Rating : 4.:/5 (11 download)
Download or read book The Stock Market & Consumer Confidence written by James G. Frank and published by . This book was released on 1987 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Myroslav Pidkuyko
Publisher :
ISBN 13 :
Total Pages : 45 pages
Book Rating : 4.:/5 (13 download)
Download or read book Consumer Sentiment, Durable Consumption, and Stock Returns written by Myroslav Pidkuyko and published by . This book was released on 2019 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using the Michigan Survey of Consumers, we provide evidence that consumers' beliefs about current and future aggregate durable expenditure predict expected returns. We rationalize this finding through an asset pricing model with recursive preferences over non-durable and durable goods and belief formation through Bayesian learning. We estimate the model to match standard macroeconomic and financial moments. Expectations about future consumption growth enter the stochastic discount factor of the economy through consumers' intertemporal marginal rate of substitution. This generates the predictability of beliefs for all future asset returns.
Author : Ayben Koy
Publisher :
ISBN 13 :
Total Pages : 12 pages
Book Rating : 4.:/5 (13 download)
Download or read book The Role of Consumer Confidence as a Leading Indicator on Stock Returns written by Ayben Koy and published by . This book was released on 2017 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investor's psychological and emotional factors lead to irrationality in financial decision making and anomalies in prices. Investor sentiment and psychology help to elucidate phenomena in financial markets that cannot be explained by traditional theory. The aim of this study is two-fold: it investigates whether mutual regime switching behavior exists between the consumer indices and equity index, and examines their dynamics in response to each other in different regimes. This study applies the Markov Regime Switching model to monthly data from the BIST100 Return Index, Bloomberg Confidence Index, TUIK Confidence Index, Real Sector Confidence Index for the period between 2007:01 and 2016:06. The results indicate if consumer indices point out negative signals, capital market still gains in normal periods of economy. If they only in a recession or an expansion regime do, each of the indices moves in the same direction.
