Feedback Trading and Its Implications for Return Autocorrelations in India During COVID
Paramita Mukherjee,
Rajashri Chatterjee
Abstract:In emerging capital markets, feedback trading is a widely pursued strategy by investors. Such behavior may potentially lead to volatility and cause negative autocorrelation in market returns, especially during high volatility. In India, such a linkage has not been explored so far, though institutional investors have pursued feedback trading for the last two decades. Also, COVID-19 has led to higher volatility in the markets and might have altered investors’ behavior. This article focuses on finding whether fee… Show more
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