期刊論文
| 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 | Ni, Yensen; Wu, Manhwa; Day, Min-Yuh; Huang, Paoyu |
| 單位 | |
| 出版者 | |
| 著錄名稱、卷期、頁數 | Physica A: Statistical Mechanics and its Applications 539, 122865(11pages) |
| 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 | en_US |
| ISSN | 0378-4371 |
| 期刊性質 | 國外 |
| 收錄於 | SCI |
| 產學合作 | |
| 通訊作者 | |
| 審稿制度 | 是 |
| 國別 | USA |
| 公開徵稿 | |
| 出版型式 | ,電子版 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/117148 ) |