Undergraduate Honors Thesis
Risk-driven Return Sensitivity in Retail Trading: Evidence From Robinhood User Data Public Deposited
https://scholar.colorado.edu/concern/undergraduate_honors_theses/m613mz78b
- Abstract
This paper considers the effects of returns on Robinhood user flows. Further analysis estimates whether these effects are different for securities classified within certain economic sectors. Using ticker-day level panel data, I regress Robinhood user flows on different levels of returns. My central findings indicate that Robinhood traders choose stocks that see the largest daily fluctuations in returns. This effect is generally stronger when returns are negative and when stocks are classified in sectors with the largest associations with Robinhood user flows.
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- Date Awarded
- 2022-04-04
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- Last Modified
- 2022-04-20
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Sprunt_HonorsCUScholarSubmission.pdf | 2022-04-11 | Public | Download |