scholarly journals ECONOMIC INDEX OF STOCK MARKET OVERBOUGHT AND OVERSOLD

2019 ◽  
Vol 4 (3) ◽  
pp. 253-259
Author(s):  
Nadiya REZNIK ◽  
Anton TRYHUBCHENKO
Keyword(s):  
Stock Market ◽  
Economic System ◽  
Financial Literacy ◽  
Stock Exchange ◽  
Evaluation Criteria ◽  
Market Condition ◽  
Wall Street ◽  
Macroeconomic Indicators ◽  
Analytical System ◽  
Stock Market Trading

Introduction. Our stock market and stock exchange infrastructure are far behind European or US counterparts. Borrowing from them the experience of creating and using the developments in the domestic market will allow to develop the economy. Foreign indicators, research and sources, most of which are in the open, can give impetus to young and prospective scientists to improve the economic system in general and the development of the stock market in particular. The imperfection of the domestic legislation and the lack of transparency in the economic system do not allow to develop the stock market fully and effectively. It is not possible to find the perfect metric for every market, for every generation and for every asset, but it is possible and necessary to look for ways of analyzing and exploring data to be able to extrapolate them to current economic and geopolitical conditions. The purpose of the study is to analyze one of the known in the West indexes, but not common in the domestic expanses in the world of finance and quotations on Wall Street. Objectives of the article: increase the financial literacy of the population; to encourage prospective specialists to develop the stock market; to analyze known world sources and economic indicators; to convey the opportunity and feasibility of analyzing the economy based on stock market analysis. Conclusions. An important advantage of this indicator is its consolidated structure and the presence of several evaluation criteria. An easy and understandable form of presentation and prognostic character are also additional positive features. Skeptics argue that this index is more a tool for researching the current market condition than a predictive indicator, also pointing to its volatile nature and not always accurate signals. It is definitely worth using this indicator in your own analytical system, but it needs to be analyzed in parallel with other macroeconomic indicators. Keywords: stock market, economy, stock market, trading, volatility, stocks, bonds, options, futures.

Fatal Attraction? Popular Modes of Inclusion in the Economic System

2002 ◽  
Vol 8 (1) ◽  
Author(s):  
Urs Stäheli
Keyword(s):  
Stock Market ◽  
Economic System ◽  
Stock Exchange ◽  
Turn Of The Century ◽  
Cultural Identities ◽  
Functional Systems ◽  
Fatal Attraction ◽  
Market Communication ◽  
Crowd Psychology ◽  
Inclusive Society

AbstractThe paper suggests a concept of the popular which understands itself as an alternative to mainstream Cultural Studies which refer to the Popular in terms of hegemonic articulations of socio-cultural identities such as gender, ethnicity, sexuality or class. In contrast, my contention is that the Popular is intrinsically linked to the universalism of functionally differentiated systems. The popular then describes how functional systems use the distinction between a universalistic semantics of inclusion and its seductive, hyper-universalistic exaggeration. At the turn of the century, it was crowd psychology (e.g. Le Bon) which provided the semantics to deal with the new forms of hyper-universalism. The paper uses this redefined notion of the popular for analyzing discourses on speculation and the stock exchange. It focuses on those semantics which implicitly problematize the process of inclusion by trying to make it more attractive. The inclusion of the speculator becomes a process of seduction, resulting in a precarious expansion of inclusion. It is discussed how such a ›massive universalism‹ is produced by stock market communication itself and how it relates to the modern ideal of a more and more inclusive society.

scholarly journals Market Turnover of Nepalese Stock Market

2018 ◽  
Vol 10 (1) ◽  
pp. 96-100
Author(s):  
Baburam Lamichhane
Keyword(s):  
Stock Market ◽  
Research Design ◽  
Stock Exchange ◽  
Securities Market ◽  
Market Condition ◽  
Exchange Market ◽  
Demand And Supply ◽  
Business Studies ◽  
Descriptive Research ◽  
Share Value

Securities market turnover is one of the major behavioral phenomena of stock market. It always depends on the demand and supply of the securities, so the market turnover assumes a number of trading share units, values of share turnover and percentage share value of stocks. This paper is concerned to analyze the different areas of stock units’ turnover and value coverage of stock market .descriptive research design is applied for analyzing the stock market condition. The coverage of share units and share of value weight is analyzed of Nepal stock exchange market economy.The Journal of Nepalese Business Studies Vol. X No. 1 December 2017, Page: 96-100 

scholarly journals The stock market as a casino: Associations between costly excessive stock market trading and problem gambling

2021 ◽  
Author(s):  
Moritz Mosenhauer ◽  
Philip Warren Stirling Newall ◽  
Lukasz Walasek
Keyword(s):  
Stock Market ◽  
Problem Gambling ◽  
Behavioral Finance ◽  
Financial Literacy ◽  
Stock Trading ◽  
Convenience Sample ◽  
Problem Gamblers ◽  
Stock Portfolio ◽  
Stock Market Trading ◽  
Financial Losses

The stock market should be a unique kind of casino, where the average person wins money over time. However, previous research shows that excessive stock market trading can contribute to financial losses --- just like in any other casino. While gambling research has documented the adverse consequences of problem gambling, there has been comparatively less behavioral finance research on the correlates of excessive stock market trading. This study aimed to document whether excessive stock trading was positively associated with problem gambling, and whether this hypothesized association was robust to controlling for demographics, and objective measures of overconfidence and financial literacy in a convenience sample of 798 US investors. We found that self-reported relative stock portfolio turnover was positively associated with problem gambling, that this association was robust to controls, and occurred equally over investors of all self-reported portfolio sizes. This study showed that problem gamblers may also make suboptimal risky choices more generally, and that a behavioral dependence explanation for suboptimal investment decisions should be subject to further investigation in the behavioral finance literature.

scholarly journals The Determinant of Indonesian Stock Returns’ Volatility: Evidence from Islamic and Conventional Stock Market

2021 ◽  
Vol 6 (3) ◽  
pp. 277-296
Author(s):  
Septiana Indarwati ◽  
Agus Widarjono
Keyword(s):  
Stock Market ◽  
Stock Returns ◽  
Money Supply ◽  
Time Series Data ◽  
Negative Impact ◽  
Stock Exchange ◽  
Series Data ◽  
Macroeconomic Variables ◽  
Distributed Lag ◽  
Macroeconomic Indicators

Islamic stock market is apparently different from the conventional stock market due to the prohibition of unlawful goods and excessive risk-taking behavior. This study explores the extent to which the Indonesian Islamic and conventional stock returns' volatility responds to the macroeconomic indicators. This study employs Jakarta Islamic Index (JII) and Indonesian Stock Exchange (IDX) and uses monthly time-series data covering 2001: M1 - 2019: M12. The volatility of stock returns is measured using Generalized Autoregressive Conditional Heteroskedasticity (GARCH). By employing the Autoregressive Distributed Lag Model (ARDL), the results validate the evidence of the long-run relationship between the stock market's volatility and macroeconomic variables. A rising in money supply and an economic upturn reduce the volatility of conventional stock returns but only an expansionary money supply diminishes the volatility of Islamic stock returns. Conversely, high inflation and sharp depreciation of the Rupiah boost the stock returns' volatility. The results further show an interesting finding that the Islamic stock market's volatility is more responsive to changes in macroeconomic indicators than the volatility of their counterpart conventional stock market. Policymakers should take strict rules during the worst economic conditions to minimize the negative impact of the instability of macroeconomic variables.

Financial Literacy about Stock Market among the Participants of Bombay Stock Exchange

2018 ◽  
Vol 6 (7) ◽  
pp. 173
Author(s):  
Rashmi Mate ◽  
Leena Dam
Keyword(s):  
Stock Market ◽  
Financial Literacy ◽  
Stock Exchange ◽  
Secondary Data ◽  
Basic Knowledge ◽  
Primary Data ◽  
Market Participation ◽  
Market Participants ◽  
Stock Market Participation ◽  
Financial Decision

Financial mistakes made at any stage of life can be costly. To avoid such mistakes, financial literacy is very important. Financial literacy is buzzword now days, and its importance has accepted all over the world. Financial literacy is required for any financial decision making.  But his term is subjective in nature. So it varies according to investors. Investing in stock market is still not so popular in India because of its complicated nature and lack of financial literacy. This paper attempts to find out the literacy levels of stock market participants of Bombay Stock Exchange. Stock market participation is strongly related to financial literacy. Previous research was focused on financial literacy and reasons behind less stock market participation. In this study, stock market participant’s financial literacy regarding stock market functions has been assessed. Those who participate in stock market are considered to be a risk taking investors, and it is expected that investor must have basic knowledge about stock market. BSE is one of the oldest stock market in world. So the participants of BSE will be the great population to test financial literacy levels. This study is based on primary data collected through a survey from BSE participants as well as on secondary data.

scholarly journals Does Herding Behavior Exist in the IDX Sectoral Indices

2020 ◽  
Vol 5 (8) ◽  
pp. 642-648
Author(s):  
Ananda Anggara S ◽  
Matrodji H. Mustafa
Keyword(s):  
Stock Market ◽  
Capital Market ◽  
Stock Exchange ◽  
Market Condition ◽  
Herding Behavior ◽  
Market Conditions ◽  
Cross Sectional ◽  
Behavior Based ◽  
The Capital Market

This study aims to detect herding behavior based on cross-sectional dispersion in certain market conditions using CSAD method as proposed by Chiang, Li, & Tan (2010). CSAD method allows researchers to evaluate if there is a herding behavior in the capital market. This research uses 9 (nine) sectoral indices listed on the Indonesia Stock Exchange (IDX) in the 2013-2019 period. This study examines the hypothesis that herding behavior occurs in the sectoral indices of the Indonesia stock market in upward market conditions and downward market conditions. The results showed that herding behavior occurred in all of the sectoral indices in downward market condition, but herding behavior was not indicated at all in upward market condition.

scholarly journals ETF, Stock Exchange Interconnection and the Looming Problems

2017 ◽  
Vol 11 (2) ◽  
pp. 267-290
Author(s):  
Chien-Chung Lin
Keyword(s):  
Stock Market ◽  
Systemic Risk ◽  
Stock Exchange ◽  
Legal Rules ◽  
Flash Crash ◽  
Potential Problems ◽  
Inherent Problem ◽  
Stock Market Trading ◽  
Exchange Traded Fund

The growing presence of the exchange-traded fund (ETF) has been a crucial development on the investment scene since its advent in the mid-1990s. The surge of popularity for ETFs, as well as the phenomenal pace of their growth, is a fact that can be observed everywhere in stock market trading. This paper examines the legal rules, the types and workings of ETFs, and their role in promoting stock exchange interconnection.The surge of ETFs does not come without its questions and concerns, however. With the analysis provided in this article, the potential problems, mostly notably the systemic risk showcased in the flash crash of August 24, 2015, and the inherent problem of derivative investing, are discussed. This paper concludes with a careful balancing of the benefits and perils presented by this innovative investment product.

scholarly journals The stock market as a casino: Associations between stock market trading frequency and problem gambling

2021 ◽  
Author(s):  
Moritz Mosenhauer ◽  
Philip W. S. Newall ◽  
Lukasz Walasek
Keyword(s):  
Stock Market ◽  
Problem Gambling ◽  
Behavioral Finance ◽  
Financial Literacy ◽  
Severity Index ◽  
Cross Sectional Study ◽  
Behavioral Addiction ◽  
Cross Sectional ◽  
Investment Returns ◽  
Stock Market Trading

Abstract Background and aims Personal investors decrease their stock market investment returns by trading frequently, which the behavioral finance literature has primarily explained via investors' overconfidence and low levels of financial literacy. This study investigates whether problem gambling can help account for frequent trading in a sample of active gambler/investors, as suggestive of frequent trading being in part driven by a behavioral addiction to gambling-like activities. Methods A retrospective cross-sectional study of 795 US-based participants, who reported both being active gamblers and holding stock market investments. Recollected stock trading activity (typical portfolio size, purchases and sales of stocks) was compared with scores on the Problem Gambling Severity Index, a financial literacy scale, and a measure of overconfidence. Results Self-reported relative stock portfolio turnover was positively associated with problem gambling scores. This association was robust to controls for financial literacy, overconfidence, and demographics, and occurred equally among investors of all self-reported portfolio sizes. Discussion and conclusions This study provides support for the hypothesis that behavioral addiction to gambling-like activities is associated with frequent stock market trading. New investment products that increase the ease of trading may therefore be detrimental to some investors.

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