An Anecdote of Investor Anxiety and Momentum in China

<table class="table-group" id="tab1"><tr><td><table class="table"><tr><td class="thead-hr" colspan="3"><hr/></td></tr><tr class="thead"><td class="align_left">Mean</td><td class="align_center">A-share market</td><td class="align_left">B-share market</td></tr><tr><td class="thead-hr" colspan="3"><hr/></td></tr><tr><td class="align_left">ROI</td><td class="align_center">0.1115</td><td class="align_center">0.2376</td></tr><tr><td class="align_left">ACCI</td><td class="align_center">−0.0433</td><td class="align_center">−0.1715</td></tr><tr class="table-tr"><td colspan="3"><hr class="tbody-hr"/></td></tr></table></td></tr><tr class="table-fn"><td><div>This table presents the mean value of daily relative order imbalance (ROI) and accumulative relative order imbalance (ACCI) for the market as a whole. They are obtained based on a daily basis.<br/></div></td></tr></table>

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Table 1

Table 1: An Anecdote of Investor Anxiety and Momentum in China 