Table 1 Summary statistics
Obs | Mean | Std. dev. | P25 | P50 | P75 | |
|---|---|---|---|---|---|---|
Trades | 1,133,050 | 0.5432 | 0.8610 | 0.0000 | 0.0000 | 1.0986 |
Turnover | 1,133,050 | 0.3996 | 1.1107 | 0.0000 | 0.0000 | 0.1838 |
\(Leader\ comment\) | 689,206 | 0.6005 | 0.4898 | 0.0000 | 1.0000 | 1.0000 |
\(Leader\ count\) | 413,890 | 1.6229 | 1.5679 | 0.4380 | 1.7243 | 2.7839 |
\(Leader\ positive\) | 413,890 | 0.0561 | 0.0274 | 0.0488 | 0.0582 | 0.0656 |
\(Leader\ negative\) | 413,890 | 0.0837 | 0.0355 | 0.0766 | 0.0885 | 0.0973 |
Return | 1,133,050 | − 0.0009 | 0.0391 | − 0.0118 | 0.0000 | 0.0119 |
\(Return\ SD\) | 1,133,050 | 0.0122 | 0.0405 | 0.0000 | 0.0090 | 0.0168 |
No.securities | 1,133,050 | 1.9752 | 1.1127 | 1.0986 | 1.9459 | 2.8332 |
No.followers | 1,133,050 | 0.2087 | 0.5431 | 0.0000 | 0.0000 | 0.0000 |
\(Portfolio\ age\) | 1,133,050 | 3.8752 | 1.0102 | 3.4012 | 4.1431 | 4.6250 |
No.leaders | 1,133,050 | 0.9335 | 0.9629 | 0.0000 | 0.6931 | 1.6094 |
\(Leader\ return\) | 689,206 | 0.0010 | 0.0331 | − 0.0127 | 0.0008 | 0.0169 |
\(Leader\ SD\) | 689,206 | 0.0133 | 0.0142 | 0.0070 | 0.0114 | 0.0173 |
\(Leader\ trades\) | 689,206 | 0.2858 | 0.4820 | 0.0000 | 0.0000 | 0.3973 |
\(Leader\ securities\) | 689,206 | 1.7122 | 1.0548 | 0.8959 | 1.6094 | 2.3026 |
\(Leader\ followers\) | 689,206 | 2.6001 | 1.8436 | 0.8100 | 2.3620 | 3.8202 |
\(Leader\ age\) | 689,206 | 3.9980 | 1.1266 | 3.5264 | 4.3041 | 4.7769 |