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Roubini Sentiment Indicator

by Tom Huggens, 2714 days ago
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Known as Dr. Doom, because he is always pessimistic regarding the market and economy, Nouriel Roubini is an American professor of economics at Stern School of Business. He is born is 1959 and is also the chairman of an economic consultancy firm: Roubini Global Economics.

In an interesting post at insidermonkey.com, the author created a market indicator he called the Roubini Sentiment Indicator. The indicator was created by measuring the popularity of the keyword "roubini" in Google. The data was downloaded using Google Trends, which is a tool that returns a search volume index for any keyword you provide.

The author of this post founds that the Roubini Sentiment Indicator has a negative correlation (-0.68) with the S&P500 and a positive correlation (0.82) with the popular CBOE volatility index, VIX. Using the Granger Causality Test, the results show, with a high degree of statistical significance, that the Roubini Sentiment Indicator causes the VIX Index up to two weeks in advance.
You can read the full post at the following address: http://www.insidermonkey.com/blog/2010/08/31/make-money-with-roubini-sentiment-indicator/

This trading object downloads search volume index for the keyword "roubini" and then associates the downloaded data to the Roubini Sentiment Indicator (Ticker Symbol: ^GOOGLE_TRENDS_ROUBINI).
In order to download the keyword volume data, the downloader first logins into your Google account, then visits the Google trends page and finally clicks on the download link. The process is automated and not visible to you.

The parameters of the first URL must be set in order for this downloader to work. After downloading this item, select it and click on Update. Under the Fields column, click on the first button and then update the email and password fields with your own Google email and password.




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Type: Download Script

Object ID: 724


Country:
United States

Market: Stock Market

Style:
Fundamental Analysis

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