Social Sentiment and Stock Trading via Mobile Phones
نویسندگان
چکیده
What happens when uninformed investors trade stocks via mobile phones? Do they react to social sentiment differently than more informed traders in traditional trading? Based on 16,817 data observations and econometric analysis for the trading of 251 equities in Korea over 39 days, we present evidence of herding behavior among uninformed traders in the mobile channel. The results indicate that mobile traders seem more easily swayed by changing social sentiment. In addition, stock trading in the traditional channel probably influences sentiment formation in the market overall. Mobile traders follow signals in social media suggesting that they engage in less beneficial herding behavior, based on evidence that we obtained for the occurrence of more negative feedback trading. This allows us to offer a new interpretation of how mobile channel stock trading works, and open a new portal for analytics with digital data related to the trading behavior of different investors.
منابع مشابه
Mobile Sentiment Analysis
Mobile devices play a significant part in a user’s communication methods and much data that they read and write is received and sent via mobile phones, for instance SMS messages, e-mails, Twitter tweets and social media networking feeds. One of the main goals is to make people aware of how much negative and positive content they read and write via their mobile phones. Existing sentiment analysi...
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