A5089803649- Financial Markets and Investment Strategies
- Blockchain Technology Applications and Security
- FinTech, Crowdfunding, Digital Finance
- Auditing, Earnings Management, Governance
- Stock Market Forecasting Methods
Goethe University Frankfurt
2019-2023
Abstract Cryptocurrencies have received growing attention from individuals, the media, and regulators. However, little is known about investors whom these financial instruments attract. Using administrative data, we describe investment behavior of individuals who invest in cryptocurrencies with structured retail products. We find that cryptocurrency are active traders prone to biases hold risky portfolios. Cryptocurrency more likely stocks high media sentiment employ heuristics technical...
Cryptocurrencies have received growing attention from individuals, the media, and regulators. However, little is known about investors whom these financial instruments attract. Using administrative data, we describe investment behavior of individuals who invest in cryptocurrencies with structured retail products. We find that cryptocurrency are active traders prone to biases hold risky portfolios. Cryptocurrency more likely stocks high media sentiment employ heuristics technical analysis. In...
Abstract We investigate the predictability of leading equity indices 23 developed and 18 emerging markets with a set 6406 technical trading rules over up to 66 years. Using state-of-the-art test for superior predictive ability control data snooping bias, we find in-sample evidence heuristics significant outperformance simple buy-and-hold strategy in majority markets. The proportion performance is much higher among market indices, diminishes drastically time all In particular, turn...