The Measurement Method of Investor Sentiment and Its Relationship with Stock Market

Table 3

Correlation coefficient between five sentiment proxy variables.

Variables
	1.000
	—
	0.119	1.000
	(1.331)	—
	0.006	0.017	1.000
	(0.061)	(0.195)	—
	−0.068	0.314	0.132	1.000
	(−0.759)	(3.678)	(1.483)	—
	−0.468	0.143	0.013	0.315	1.000
	(−5.892)	(1.609)	(0.145)	(3.698)	—

Note. The numbers in () represent t-values.