Investing Research Articles

…individual investors are systematic stock trading losers; institutions, systematic winners. Individual investors may well be relatively overconfident (despite lack of investing education) and thrill-seeking compared to institutional investors.

…individual investors should exercise special care when considering the repurchase of stocks previously owned or the purchase of more of stocks already owned to ensure that their intellects are in charge of their feelings.

…the average investor in the U.S. equities will have difficulty avoiding relatively poor returns during the summer. They should focus on the winter months.

…while changes in bond yields have short-term effects on stock prices, valuation ratios better forecast long-term stock market behavior.

…the quality (more than the quantity) of emerging earnings moves corporate officers to adjust repurchasing and personal trading of company stock.

…individual investors can look at their own trading patterns for clustering to assess whether they act like big picture or little picture traders.

…while there is a weak negative correlation between aggregate downward earnings guidance and monthly stock market returns, the stock market probably leads the guidance.

…excess returns of the higher-priced stocks entering the Regulation SHO threshold list merit some consideration.

…picking through the stocks leaving the Regulation SHO threshold lists may be worthwhile.

…very recent data suggests that short sellers on average are contrarians who predict (or trigger?) near-term stock price underperformance. However, the underperformance is economically insignificant due to transaction and carrying costs.