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Table 1 Summary statistics

From: Does communication increase investors’ trading frequency? Evidence from a Chinese social trading platform

  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
  1. This table presents the summary statistics of variables for real-account portfolios, including the number of observations (Obs), mean (Mean), standard deviation (Std. Dev.), the first quartile (P25), median (P50), and the third quartile (P75) of the variables