Correlation of European and U.S. Technology and Financial Stocks during COVID-19 Pandemic
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F04274644%3A_____%2F23%3A%230001061" target="_blank" >RIV/04274644:_____/23:#0001061 - isvavai.cz</a>
Result on the web
<a href="https://dpublication.com/journal/IJARME/article/view/1134" target="_blank" >https://dpublication.com/journal/IJARME/article/view/1134</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.33422/ijarme.v6i4.1134" target="_blank" >10.33422/ijarme.v6i4.1134</a>
Alternative languages
Result language
angličtina
Original language name
Correlation of European and U.S. Technology and Financial Stocks during COVID-19 Pandemic
Original language description
In 2022 stock markets around the world lost some of their value, led by high-growth sectors, sectors that tend to show a significantly higher growth rate than the average market. At the same time the financial sector shows a potentially higher interest rate sensitivity. The prevailing academic opinion is that central bank monetary policy during the COVID-19 pandemic is one key factor for the stock market development globally. This paper discusses the assumption of a significant technology and financial sector correlation for Europe and the United States from 2020 to 2022 based on market capitalization. The objective is fulfilled with a Pearson correlation for representative parts of STOXX Europe 600 and S&P 500. The results confirm significant correlation for the selected sectors and stocks for both regions, indicating potentially general sensitivity for the entire investigation period. Based on this, further research on sectors and potential alternative independent variables is recommended.
Czech name
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Czech description
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Classification
Type
J<sub>ost</sub> - Miscellaneous article in a specialist periodical
CEP classification
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OECD FORD branch
50200 - Economics and Business
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
International Journal of Applied Research in Management and Economics
ISSN
2538-8053
e-ISSN
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Volume of the periodical
6
Issue of the periodical within the volume
4
Country of publishing house
LT - LITHUANIA
Number of pages
20
Pages from-to
1-20
UT code for WoS article
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EID of the result in the Scopus database
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