期货市场情绪的全球组成部分:来自Covid-19大流行的证据

Q4 Business, Management and Accounting

American Business Review Pub Date : 2023-11-01 DOI:10.37625/abr.26.2.355-384

Abhinava Tripathi, Alok Dixit

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引用次数: 0

摘要

我们研究了2019冠状病毒病大流行期间全球情绪成分对全球25个主要期货市场指数价格回报和波动性的影响。全球情绪因素导致投资者反应过度。这些过度反应加速了价格下跌，并导致波动性上升。随着来自更可靠来源的信息的出现，期货价格逐渐回归其基本价值。这将导致价格回升和波动性降低。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Global Component of Sentiment in Futures Markets: Evidence from Covid-19 Pandemic

We examine the impact of the global component of sentiment on the price return and volatility of 25 major futures market indices across the globe, during the Covid-19 pandemic. The global component of sentiment causes investor overreactions. These overreactions accelerate the fall in prices and contribute to the rising volatility levels. The futures prices revert, though gradually, to their fundamental values as information from more reliable sources becomes available. This leads to price recovery and lower volatility levels.

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来源期刊

American Business Review Business, Management and Accounting-Business, Management and Accounting (miscellaneous)

CiteScore

1.00

自引率

0.00%

发文量

审稿时长

8 weeks