کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
972651 1479793 2012 16 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Music and the market: Song and stock volatility
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Music and the market: Song and stock volatility
چکیده انگلیسی

Popular music may presage market conditions because people contemplating complex future economic behavior prefer simpler music, and vice versa. In comparing the annual average beat variance of the songs in the U.S. Billboard Top 100 since its inception in 1958 through 2007 to the standard deviation of returns of the S&P 500 for the same or the subsequent year, a significant negative correlation is observed. Furthermore, the beat variance appears able to predict future market volatility, producing 2.5 volatility points of profit per year on average.


► Popular music may presage market conditions because people contemplating complex future economic behavior prefer simpler music, and vice versa.
► In comparing the annual average beat variance of the songs in the U.S. Billboard Top 100 since its inception in 1958 through 2007 to the standard deviation of returns of the S&P 500 for the same or the subsequent year, a significant negative correlation is observed.
► Furthermore, the beat variance appears able to predict future market volatility, producing 2.5 volatility points of profit per year on average.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: The North American Journal of Economics and Finance - Volume 23, Issue 1, January 2012, Pages 70–85
نویسندگان
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