Robinhood traders have no impact on the stock market, one study shows - Business Insider

published by Nick Maggiulli, the chief operating officer at Ritholtz Wealth Management.

Maggiulli wanted to test "whether an increase in Robinhood users holding a stock was met with a similar increase in that stock's price," according to the study. Ford, for example, the most popular stock on the Robinhood platform, had a correlation of near zero, meaning the daily change in Robinhood account ownership had no impact on the daily change in Ford's stock price.

Smaller, speculative names like Kodak, Nikola, and Hertz had a higher correlation than bigger companies like Amazon, Google, and Tesla."Since these are higher market cap stocks, it's possible that even lots of volume from Robinhood traders can't move the market, compared to, say, a stock like Hertz, which is trending toward being worth $0," Maggiulli explained.

Billionaires are never happy! Thankfully I’ll stay at the millionaire mark💪

We're getting closer...move over. 😉😎🔝🔜

Such actions actually affect crypto to a small extent

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

New Tesla video shows Model 3 cars being made inside its China factory - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Love TESLA !!!
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

GOLDMAN SACHS: 10 oil stocks investors should buy now, and one to avoid - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »