Retail Investor Sentiment and Behavior

An Empirical Analysis

  • Authors
  • Matthias Burghardt

Table of contents

  1. Front Matter
    Pages I-XV
  2. Matthias Burghardt
    Pages 1-8
  3. Matthias Burghardt
    Pages 9-33
  4. Matthias Burghardt
    Pages 35-68
  5. Matthias Burghardt
    Pages 69-92
  6. Matthias Burghardt
    Pages 93-118
  7. Matthias Burghardt
    Pages 119-142
  8. Matthias Burghardt
    Pages 143-150
  9. Back Matter
    Pages 151-158

About this book


Investor sentiment and behavior play an important role in financial markets. Using a unique data set consisting of more than 36.5 million submitted retail investor orders over the course of five years, Matthias Burghardt constructs an innovative retail investor sentiment index. He shows that retail investors’ trading decisions are correlated, that retail investors are contrarians, and that a profitable trading strategy can be based on these aggregated sentiment measures.


Euwax ¿ European Warrant Exchange Herding Order Imbalance Measure Securitized Derivatives Sentiment Indicators

Bibliographic information

  • DOI
  • Copyright Information Gabler Verlag | Springer Fachmedien Wiesbaden GmbH, Wiesbaden 2011
  • Publisher Name Gabler
  • eBook Packages Business and Economics
  • Print ISBN 978-3-8349-2713-2
  • Online ISBN 978-3-8349-6170-9
  • Buy this book on publisher's site