Analyzing The Relationship Between Return and Trading Volume in Relation to Cross-Sectional Absolute Deviation (CSAD) In Order to Detect Herding Behavior in Indonesia Emerging Stock Market

Investor herding behavior is a primary source of speculative bubbles since it implies that investors make identical trading decisions, which can lead to stock prices deviating from their underlying worth. The goal this study detect in the Indonesian market between 2016 and 2021. relationship return volume, known as Cross Sectional Absolute Deviation, used assess (CSAD). Time-series regression quantile analysis will be employed data analytic techniques investigate under various scenarios. Herding evident with low high return, 0,95. Herd has both beneficial harmful consequences during certain investing seasons. best method reduce impact strengthen investor’s strategy platform