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Trading Volume Levels and Stock Returns: Empirical Behavioral Analysis

Year 2017, Volume: 7 Issue: 3, 632 - 638, 01.09.2017

Ouarda Moatemri Abdelfeteh El-bori

Abstract

The objective of this paper is to provide an empirical behavioral analysis of the relationship between the trading volume and the future evolution of stock returns. This subject has been examined empirically on the European financial market during 2000-2010. Our empiric findings suggest monotonous relationships between the trading volumes and the schemas of price evolution in terms of the continuity/reversal of prices that vary amongst the trading volume levels as well as amongst the winning and losing shares. Excess volume is thus more dependent on “momentum” profits for loser portfolios and on “contrarian” profits for winner portfolios.

Keywords

Trading Volume Levels Momentum Profits Contrarian Profits Behavioral Analysis and Loser/Winner Portfolios

Year 2017, Volume: 7 Issue: 3, 632 - 638, 01.09.2017

Ouarda Moatemri Abdelfeteh El-bori

Abstract

There are 0 citations in total.

Details

Other ID JA59GM37GP
Authors

Ouarda Moatemri This is me

Abdelfeteh El-bori This is me

Publication Date September 1, 2017
Published in Issue Year 2017 Volume: 7 Issue: 3

Cite

APA Moatemri, O., & El-bori, A. (2017). Trading Volume Levels and Stock Returns: Empirical Behavioral Analysis. International Journal of Economics and Financial Issues, 7(3), 632-638. https://izlik.org/JA28FA47KW
AMA 1.Moatemri O, El-bori A. Trading Volume Levels and Stock Returns: Empirical Behavioral Analysis. IJEFI. 2017;7(3):632-638. https://izlik.org/JA28FA47KW
Chicago Moatemri, Ouarda, and Abdelfeteh El-bori. 2017. “Trading Volume Levels and Stock Returns: Empirical Behavioral Analysis”. International Journal of Economics and Financial Issues 7 (3): 632-38. https://izlik.org/JA28FA47KW.
EndNote Moatemri O, El-bori A (September 1, 2017) Trading Volume Levels and Stock Returns: Empirical Behavioral Analysis. International Journal of Economics and Financial Issues 7 3 632–638.
IEEE [1]O. Moatemri and A. El-bori, “Trading Volume Levels and Stock Returns: Empirical Behavioral Analysis”, IJEFI, vol. 7, no. 3, pp. 632–638, Sept. 2017, [Online]. Available: https://izlik.org/JA28FA47KW
ISNAD Moatemri, Ouarda - El-bori, Abdelfeteh. “Trading Volume Levels and Stock Returns: Empirical Behavioral Analysis”. International Journal of Economics and Financial Issues 7/3 (September 1, 2017): 632-638. https://izlik.org/JA28FA47KW.
JAMA 1.Moatemri O, El-bori A. Trading Volume Levels and Stock Returns: Empirical Behavioral Analysis. IJEFI. 2017;7:632–638.
MLA Moatemri, Ouarda, and Abdelfeteh El-bori. “Trading Volume Levels and Stock Returns: Empirical Behavioral Analysis”. International Journal of Economics and Financial Issues, vol. 7, no. 3, Sept. 2017, pp. 632-8, https://izlik.org/JA28FA47KW.
Vancouver 1.Moatemri O, El-bori A. Trading Volume Levels and Stock Returns: Empirical Behavioral Analysis. IJEFI [Internet]. 2017 Sept. 1;7(3):632-8. Available from: https://izlik.org/JA28FA47KW