Do sharp movements in oil prices matter for stock markets?

淡江大學機構典藏 > 商管學院 > 資訊管理學系暨研究所 > 期刊論文 > Item 987654321/117473

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題名:	Do sharp movements in oil prices matter for stock markets?
作者:	Ni, Yensen;Wu, Manhwa;Day, Min-Yuh;Huang, Paoyu
關鍵詞:	Investing strategies;Constituent stocks;Oil price;Investors' sentiments
日期:	2020-02
上傳時間:	2019-10-17 12:10:22 (UTC+8)
出版者:	Elsevier
摘要:	Sharp movements, including sharp rise and fall of oil prices, may cause stock market fluctuations due to investors’ sentiments aroused. This study pioneers the exploration of trading performance when a sharp rise (fall) in oil prices occurs. We reveal several findings by employing the constituent stocks of DJ 30, FTSE 100, and SSE 50 as our samples. First, investors may profit from trading stocks after over 10% rise in oil prices because such an increase may be regarded as a positive signal of a momentum phenomenon. Second, continuous 2.5% and 5% fall in oil prices for two or even three days can be regarded as positive signals for China because the country is regarded as the largest oil-importing country. Third, trading these constituents’ stocks after over 10% fall in oil prices may result in a stock price rebound.
關聯:	Physica A: Statistical Mechanics and its Applications 539, 122865(11pages)
DOI:	10.1016/j.physa.2019.122865
顯示於類別:	[資訊管理學系暨研究所] 期刊論文

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