The Relevance of Investor Sentiment and Risk-Return Relationship in U.S. Stock Market
碩士 === 國立暨南國際大學 === 國際企業學系 === 107 === The object of this research is trying to focus on the relationship between the investor sentiment and risk-return tradeoff, in this research, we visit the data of the U.S. stock market. Compared with the prediction models used by prior studies, our model takes...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2018
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| Online Access: | http://ndltd.ncl.edu.tw/handle/47qd4y |
| Summary: | 碩士 === 國立暨南國際大學 === 國際企業學系 === 107 === The object of this research is trying to focus on the relationship between the investor sentiment and risk-return tradeoff, in this research, we visit the data of the U.S. stock market. Compared with the prediction models used by prior studies, our model takes into account the investor sentiment to examine whether significant relationship between risk and return in the stock market. The empirical results imply that there is a significant negative relationship between risk and return without the investor sentiment in the long-tern series. Our test show that there is a positive relationship between risk and return in several series when the model takes into account the investor sentiment. The results imply that investor sentiment adding to the model affect to stock price trend.
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