EN
Trading Volume Levels and Stock Returns: Empirical Behavioral Analysis
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
Details
Primary Language
English
Subjects
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Journal Section
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Publication Date
September 1, 2017
Submission Date
September 1, 2017
Acceptance Date
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Published in Issue
Year 2017 Volume: 7 Number: 3
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.Ouarda Moatemri, Abdelfeteh El-bori. Trading Volume Levels and Stock Returns: Empirical Behavioral Analysis. IJEFI [Internet]. 2017 Sep. 1;7(3):632-8. Available from: https://izlik.org/JA28FA47KW