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The Weather and Stock Returns in New Zealand

Stephen PKeef & Melvin Roush

Quarterly Journal of Finance and Accounting2016article
ABDC B
Weight
0.75

What the paper says

We examine how the daily returns of the Value-Weighted All Shares Stock Index of the New Zealand Stock Exchange are influenced by different facets of Wellington 's weather. The period studied is June 1986 to October 2002. Factor analysis of eight weather variables results in the extraction of three distinct factors: CLOUD, TEMP and WIND. OLS regression and boots trap-t methods are used to test the implied hypotheses. CLOUD has no influence on returns. TEMP has a small influence on returns. WIND has a significant

62 citations

Cite this paper

@article{stephen2016,
  title        = {{The Weather and Stock Returns in New Zealand}},
  author       = {Stephen PKeef & Melvin Roush},
  journal      = {Quarterly Journal of Finance and Accounting},
  year         = {2016},
}

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The Weather and Stock Returns in New Zealand

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Evidence weight

0.75

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact1.00 × 0.4 = 0.40
M · momentum0.80 × 0.15 = 0.12
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

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