Research Article
Dynamic Cross-Correlation between Online Sentiment and Stock Market Performance: A Global View
Table 1
Descriptive statistics: DHS and return (%) of financial market indices.
| | Obs. | Mean | Std. | Min | 25% | Median | 75% | Max |
| DHS | 4002 | 6.021 | 0.046 | 5.774 | 5.987 | 6.020 | 6.053 | 6.357 | S & P500 | 2758 | 0.040 | 1.242 | −9.035 | −0.374 | 0.065 | 0.551 | 11.580 | NASDAQ | 2758 | 0.056 | 1.341 | −9.142 | −0.455 | 0.096 | 0.681 | 11.806 | FTSE | 2663 | 0.017 | 0.904 | −4.838 | −0.434 | 0.024 | 0.515 | 3.840 | DAX | 2640 | 0.033 | 1.406 | −7.073 | −0.565 | 0.069 | 0.675 | 11.402 | FCHI | 2787 | 0.020 | 1.421 | −9.037 | −0.618 | 0.037 | 0.686 | 11.176 | Nikkei | 2644 | 0.031 | 1.548 | −11.406 | −0.659 | 0.068 | 0.811 | 14.150 | KOSPI | 2648 | 0.022 | 1.182 | −10.571 | −0.460 | 0.040 | 0.586 | 11.946 | BVSP | 2640 | 0.037 | 1.707 | −11.393 | −0.846 | 0.030 | 0.904 | 14.656 | MXX | 2726 | 0.025 | 1.162 | −7.008 | −0.510 | 0.036 | 0.573 | 11.005 | BSE | 2734 | 0.039 | 1.278 | −10.956 | −0.556 | 0.055 | 0.635 | 17.339 | JKSE | 2736 | 0.060 | 1.248 | −10.690 | −0.478 | 0.100 | 0.640 | 7.640 |
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