投资者情绪指标的研究综述

he change of investor sentiment has always been one of the hot topics in the research of market behavioral finance theory. The fluctuation of investor sentiment and its influence on economic activities such as investment and financing in the securities market and decision-making process will have a certain degree of change. At present, there are a lot of foreign academic literature on the measurement theory of stock market investor sentiment volatility, but there is still no real consensus on the use of stock market sentiment measurement method because it is difficult to measure effectivelyb as a qualitative measure of sentiment. Based on the different methods of measuring data source and model building, this paper measure concrete can be divided into objective indicators, subjective indicators and compound variable indicators. Then the main measurement method framework and basic index system are systematically summarized and analyzed. Finally, the further research and development direction of domestic investor sentiment measurement index system is mainly discussed, in order to further expand and supplement the systematic research on stock investor sentiment in China at the present stage.