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Table 2 Correlation coefficients among variables

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

  Trades Turnover Leader Leader Leader Leader Return Return No.
    comment count positive negative   SD securities
Trades 1         
Turnover 0.68 1        
\(Leader\ comment\) 0.11 0.03 1       
\(Leader\ count\) 0.04 − 0.03 1      
\(Leader\ positive\) − 0.02 − 0.03 0.11 1     
\(Leader\ negative\) − 0.01 − 0.02 0.17 0.26 1    
Return − 0.05 − 0.09 0.01 0.01 0.01 -0.02 1   
\(Return\ SD\) 0.08 0.09 0.02 0.01 0.00 0.00 − 0.02 1  
No.securities 0.29 0.11 0.14 0.13 0.02 0.02 0.01 0.07 1
No.followers 0.03 0.00 0.09 0.03 0.01 0.03 0.02 0.02 0.14
\(Portfolio\ age\) − 0.10 − 0.09 0.03 − 0.02 0.07 0.12 0.01 0.00 − 0.01
No.leaders 0.04 − 0.02 0.41 0.03 0.08 0.12 0.01 0.01 0.11
\(Leader\ Return\) − 0.01 0.00 0.03 0.01 0.02 − 0.02 0.36 − 0.02 0.01
\(Leader\ SD\) 0.05 0.06 0.04 − 0.01 0.00 0.02 − 0.06 0.05 0.00
\(Leader\ trades\) 0.13 0.11 0.18 0.05 − 0.03 − 0.04 − 0.02 0.02 0.04
\(Leader\ securities\) 0.11 0.09 0.22 0.11 0.02 0.01 − 0.02 0.02 0.09
\(Leader\ followers\) 0.06 0.03 0.39 0.40 0.12 0.15 − 0.01 0.01 0.08
\(Leader\ age\) 0.00 0.00 0.07 0.10 0.03 0.05 − 0.02 0.01 0.03
  No. Portfolio No. Leader Leader Leader Leader Leader Leader
  followers age leaders return SD trades securitiers followers age
No.followers 1         
\(\text{Portofolio age}\) 0.18 1        
No.leaders 0.19 0.28 1       
\(\text{Leader return}\) 0.00 − 0.01 − 0.01 1      
\(Leader\ SD\) − 0.01 − 0.04 0.00 − 0.04 1     
\(Leader\ trades\) 0.00 − 0.13 − 0.04 0.04 0.14 1    
\(Leader\ securities\) − 0.01 − 0.22 − 0.06 0.04 0.19 0.56 1   
\(Leader\ followers\) − 0.02 − 0.02 0.05 0.03 0.15 0.29 0.57 1  
\(Leader\ age\) − 0.02 − 0.01 0.02 − 0.01 0.23 0.11 0.41 0.48 1
  1. This table presents the Pearson correlation coefficients among the variables over the whole sample period