Earticle

초록

영어

This paper studies whether actual position-based investor sentiment is useful in predicting price movements in three major petroleum futures markets: crude oil, heating oil, and unleaded gasoline. Using Wang (2003)’s methodology for the sentiment measurement and weekly actual position data during 1996 ~ 2006 from the COT report, the investors’ sentiments are found to have an insignificant influence on futures price movements in subsequent periods. Our results suggest that either the actual positionbased sentiment index is faulty or investor’s sentiment is not related to subsequent price movements in the petroleum futures markets

목차

Abstract
 1. Introduction
 2. Literature Review
 3. Methodology and Data
 4. Empirical Results
 5. Conclusion
 References
 Table
 Figure

키워드

저자

• Sunghee Choi [ Korea Energy Economic Institute ] Corresponding author
• Moohoun Song [ Korea Energy Economic Institute ]
• Soo-Il Kim [ Korea Energy Economic Institute ]

참고문헌

발행기관

간행물

표지보기 관심저널 등록

• 간행물명

  한국재무학회 학술대회

• 간기

  부정기

• 수록기간

  2006~2024

• 십진분류

  KDC 325 DDC 330