Similar Search Results

Investor Reactions to Contrasts Between the Earnings Preannouncements of Peer Firms

Maletta, Mario J. - 2012

-year-ahead EPS forecast for the target firm when it follows the strategy of preannouncing 50 percent of the total earnings surprise …

Persistent link: https://www.econbiz.de/10013115357

Can Margin Traders Predict Future Stock Returns in Japan?

Kato, Hideaki Kiyoshi - 2012

A growing body of literature suggests that investor sentiment affects stock prices both at the firm level and at the market level. This study examines the relationship between investor behavior and stock returns focusing on Japanese margin transactions using weekly data from 1994 to 2003. Margin...

Persistent link: https://www.econbiz.de/10013107919

The Role of Anchoring Bias in the Equity Market : Evidence from Analysts' Earnings Forecasts and Stock Returns

Cen, Ling - 2013

We test the implications of anchoring bias associated with forecast earnings per share (FEPS) for forecast errors … more positive forecast revisions, more negative forecast errors, and more negative earnings surprises after a stock split …

Persistent link: https://www.econbiz.de/10013092369

Overconfident Investors, Predictable Returns, and Excessive Trading

Daniel, Kent D. - 2016

Individuals and asset managers trade aggressively, resulting in high volume in asset markets, even when such trading results in high risk and low net returns. Asset prices display patterns of predictability that are difficult to reconcile with rational expectations–based theories of price...

Persistent link: https://www.econbiz.de/10012999987

Overconfident Investors, Predictable Returns, and Excessive Trading

Daniel, Kent D. - 2016

Persistent link: https://www.econbiz.de/10013000624

How Market Sentiment Drives Forecasts of Stock Returns

Frydman, Roman - 2020

We reveal a novel channel through which market participants' sentiment influences how they forecast stock returns …

Persistent link: https://www.econbiz.de/10012834037

Do Investors Fully Unravel Persistent Pessimism in Analysts’ Earnings Forecasts?

Veenman, David - 2018

' earnings forecasts. We show that measures of prior consensus and individual analyst forecast pessimism are predictive of both … with a relatively high probability of forecast pessimism experience significantly higher announcement returns than those … difficulty investors have in identifying differences in expected forecast pessimism. Overall, we conclude that market prices do …

Persistent link: https://www.econbiz.de/10012937538

Investor Sentiment and Forecasting Ability : Evidence from COT Reports in Precious Metal Futures Markets

Zhang, Yang - 2017

Exploring the information contained in Commodity Futures Trading Commission's (CFTC) Commitments of Traders (COT) reports, this analysis investigates the forecasting ability of investor sentiment index in three major precious metal futures markets, namely, Gold, Silver, and Platinum. A strong...

Persistent link: https://www.econbiz.de/10012973584

Political Sentiment and Predictable Returns

Addoum, Jawad M. - 2016

This study shows that shifts in political climate influence stock prices. As the party in power changes, there are systematic changes in the industry-level composition of investor portfolios, which weaken arbitrage forces and generate predictable patterns in industry returns. A trading strategy...

Persistent link: https://www.econbiz.de/10013007843

A note on investor happiness and the predictability of realized volatility of gold

Bonato, Matteo; Gillas, Konstantinos Gkillas; Gupta, Rangan - In: Finance research letters 39 (2021), pp. 1-6

Persistent link: https://www.econbiz.de/10012805333