The Effect of Online Investor Sentiment on Stock Movements: An LSTM Approach

Table 6

Regression results of investor sentiment and trading volume.

	Case (1)	Case (2)	Case (3)	Case (4)
	0.0072 (4.87)	−0.0320 (−3.60)	−0.0030 (−3.24)	−0.0037 (−3.27)
		0.1265 (3.52)	0.0104 (3.11)	0.0103 (3.11)
		0.0049 (0.29)	0.0021 (1.08)	0.0021 (1.08)
		0.0783 (4.72)	0.0077 (4.34)	0.0077 (4.34)
			0.8722 (169.15)	0.8721 (168.52)
	0.0154 (4.58)			0.0012 (1.75)
(%)	0.17	10.41	82.41	82.41
	83,324	83,324	83,324	83,324

Note. Data period is from August 1, 2014, to June 15, 2018. T -statistics are in parentheses and significance at the 0.01, 0.05, or 0.1 level is indicated by an , an , or an , respectively.