Can Investor Attention Predict Cryptocurrency Returns? : On the interconnections of the cryptocurrency market - CORE Reader
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Thisthesis usesthe Google Trends data as a proxyfor investor attention to capturingthe investor sentimentfor individual cryptocurrencyand test if ithas an impactonnear-term futurereturns. Kristoufek (2013) In the field of behavioural finance, investor sentiment has been shown to have abilitiesto exp
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- Thisthesis usesthe Google Trends data as a proxyfor investor attention to capturingthe investor sentimentfor individual cryptocurrencyand test if ithas an impactonnear-term futurereturns. Kristoufek (2013)
- In the field of behavioural finance, investor sentiment has been shown to have abilitiesto explain the price deviations and valuations of highly speculative assets (Baker & Wurgler 2007)
- Investor sentiment does not have any clear definitions;for example, Baker and Wurgler (2017) define it as “propensity to speculate”.
- composite sentiment index and utilizing many other statistics and data. (Klemola, Nikkinen & Peltomäki 2016.)
- One of the first studies on the topic, Kristoufek (2013),studies the effect of investor sentiment to Bitcoin finding statistically significant predictive power.
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