The Influence of Solar Activity on the Investors' Behaviour in the Stock Markets (Влияние Солнечной Активности На Поведение Инвесторов На Фондовых Рынках - In Russian)
9 Pages Posted: 7 Feb 2011 Last revised: 2 Oct 2013
Date Written: February 4, 2011
The main aim of the article is to find a statistically significant correlation between solar activity and some indicators of the stock market. Some experts suppose that the financial crisis of 2008-2009 was partly caused by a period of minimum solar activity. Nevertheless, in this study, based on the analysis of extensive historical data, connection between solar activity and the stock market was not found. Author assume that natural factors, which include the influence of the Sun, create only a background for the decisions made by investors in the markets, and the adequate assessment of their significance will be possible only within the multifactor model, which also includes macroeconomic and other important indicators.
Note: Downloadable document is in Russian.
Keywords: Sun, the Wolf number, quotes, financial markets, investor behavior, the MICEX index, Dow Jones, Lukoil, Norilsk Nickel
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