) Positively related Negatively related Observable factorsExercise price (K) Negatively related Positively related Time to expiration (T) Positively related Positively related* Volatility (𝝈) Positively related
of 1 DEC 2020 Bear Market Bear Market Source : Yahoo Finance, Bloomberg compiled by SEC Digital Assets - Global SEC Classification : ใชภ้ายใน (Internal) Volatility comparison for cryptocurrency Source
. of AMCs 24 23 No. of active mutual fund managers under AMCs 266
Frequency Trading (HFT) Regulatory Framework การส่งค าส่ังของ Algo Trading ช่วยลดผลกระทบต่อความผันผวนระยะส้ัน 6 After controlling for long-term volatility, our analysis suggests: • the share of algorithmic
weight) Fund Style Analysis Performance-based Holding-based Transaction-based For today presentation, domestic equity funds are studied in 2 areas. Active Management Style Fund Similarity Market/Index
Conclusions Behavioral Explanation Table 2: Behavioral Variables Variable Representation Related Literature Volatility Index (VIX) Investor sentiment Delong et al. (1990), Shleifer and Vishny (1997), Baker and
(passive management/index tracking) − aiming to achieve higher performance than the benchmarks (active management) − aiming to achieve performance relative to those of the master fund (passive management
to achieve performance by tracking the benchmarks (passive management/index tracking) − aiming to achieve higher performance than the benchmarks (active management) − aiming to achieve performance
performance by tracking the benchmarks (passive management/index tracking) − aiming to achieve higher performance than the benchmarks (active management) − aiming to achieve performance relative to those of the
This paper investigates if risk seeking investors substitute gambling activities for stock markets participation when volatility increases in stock markets. Using a large cross-section dataset of 20