Research Article
An Empirical Study of the Effect of Investor Sentiment on Returns of Different Industries
Table 6
Statistics of market returns for optimistic and pessimistic periods.
| | 0 | 0 | Total sampling period |
| Mean | 0.395745 | −0.36907 | 0.080357 | Median | 0 | 0 | 0.052068 | Standard deviation | 1.843508 | 1.055102 | 2.140861 | Skewness | 0.142774 | −1.819949 | −0.048180 | Kurtosis | 4.541919 | 12.84935 | 3.416804 | Observations | 57 | 40 | 97 |
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