教師資料查詢 | 類別: 期刊論文 | 教師: 倪衍森 NI, YEN-SEN (瀏覽個人網頁)

標題:Do sharp movements in oil prices matter for stock markets?
學年108
學期2
出版(發表)日期2020/02/01
作品名稱Do sharp movements in oil prices matter for stock markets?
作品名稱(其他語言)
著者Yensen Ni; Manhwa Wu; Min-Yuh Day; Paoyu Huang
單位
出版者
著錄名稱、卷期、頁數Physica A: Statistical Mechanics and its Applications, 539, pp. 1-11.
摘要Sharp movements, including sharp rise and fall of oil prices, may cause stock market fluctuations due to investors’ sentiments aroused. This study pioneers the exploration of trading performance when a sharp rise (fall) in oil prices occurs. We reveal several findings by employing the constituent stocks of DJ 30, FTSE 100, and SSE 50 as our samples. First, investors may profit from trading stocks after over 10% rise in oil prices because such an increase may be regarded as a positive signal of a momentum phenomenon. Second, continuous 2.5% and 5% fall in oil prices for two or even three days can be regarded as positive signals for China because the country is regarded as the largest oil-importing country. Third, trading these constituents’ stocks after over 10% fall in oil prices may result in a stock price rebound.
關鍵字Investing strategies;Constituent stocks;Oil price;Investors' sentiments
語言英文(美國)
ISSN0378-4371
期刊性質國外
收錄於SCI;
產學合作
通訊作者
審稿制度
國別美國
公開徵稿
出版型式,電子版
相關連結
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