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The Wisdom of the Robinhood Crowd
Robinhood investors increased their holdings in the March 2020 COVID bear market, indicating an absence of collective panic and margin calls. This steadfastness was rewarded in the subsequent bull market. Despite unusual interest in some “experience” stocks (e.g., cannabis stocks), they tilted primarily toward stocks with high past share volume and dollar-trading volume (themselves mostly big stocks). From mid-2018 to mid-2020, an aggregated crowd consensus portfolio (a proxy for the household-equal-weighted portfolio) had both good timing and good alpha.
Call Number | Location | Available |
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PSB lt.dasar - Pascasarjana (Koleksi Majalah) | 1 |
Penerbit | USA The American Finance Association., 2022 |
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Edisi | Volume 77, Issue 3, June 2022, Pages 1489-1527 |
Subjek | Investments Investors Portfolio Brokerage company |
ISBN/ISSN | 1540-6261 |
Klasifikasi | NONE |
Deskripsi Fisik | First published: 28 March 2022 |
Info Detail Spesifik | The Journal of Finance |
Other Version/Related | Tidak tersedia versi lain |
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