Hirschey, Nicholas H.Centeno, João Pedro Morgado2024-12-102024-12-102024-01-242023-12-19http://hdl.handle.net/10362/176334The purpose of this study is to analyze the performance and dynamics of several investment strategies. The individual part focuses on exploring the profitability of a cross-sectional long only trading strategy that explores return differences between sentiment-prone and sentiment insensitive stocks, using the VSTOXX as a sentiment indicator for the European stock market. The strategy consists of holding sentiment-prone stocks when the sentiment is good and sentiment insensitive stocks when sentiment is bad. In the group part, several strategies were combined to form three portfolios: Equal-Weighted, Tangency and Global Minimum Variance. The group report is presented first, followed by the individual contribution.engFinancial marketsQuantitative investment strategyInvestor sentimentVolatility timingEuropean stock marketmaster thesis203681436