An Empirical Study of the Effect of Investor Sentiment on Returns of Different Industries

Table 2

Correlation between investor sentiment and ten variables.

	CEFD𝑡	NIPO𝑡	RIPO𝑡	TURN𝑡	NIA𝑡	CEFD𝑡−1	NIPO𝑡−1	RIPO𝑡−1	TURN𝑡−1	NIA𝑡−1
Sent^RAW𝑡	0.761	−0.700	0.565	0.745	0.378	0.766	−0.723	0.559	0.740	0.333