---
title: Order Flows Impact Stock Prices
url: https://www.ml-quant.com/papers/ssrn/5238514/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 5238514
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5238514
featured: 2025-05-07
citations: unknown
topic: Asset Pricing & Factors
---


# Order Flows Impact Stock Prices

External order flows can affect stock prices, with significant purchases leading to a 6.4% increase in the Fama-French 5-factor alpha for CSI 500 index stocks.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5238514
- Identifier: SSRN 5238514
- Released: 2025-05-01
- First featured: Quant Letter No. 96 (2025-05-07): https://www.ml-quant.com/issues/2025-05-07/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Asset Pricing & Factors

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