Correlation of European and U.S. Technology and Financial Stocks during COVID-19 Pandemic
Identifikátory výsledku
Kód výsledku v 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>
Výsledek na webu
<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>
Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
Correlation of European and U.S. Technology and Financial Stocks during COVID-19 Pandemic
Popis výsledku v původním jazyce
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.
Název v anglickém jazyce
Correlation of European and U.S. Technology and Financial Stocks during COVID-19 Pandemic
Popis výsledku anglicky
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.
Klasifikace
Druh
J<sub>ost</sub> - Ostatní články v recenzovaných periodicích
CEP obor
—
OECD FORD obor
50200 - Economics and Business
Návaznosti výsledku
Projekt
—
Návaznosti
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Ostatní
Rok uplatnění
2023
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název periodika
International Journal of Applied Research in Management and Economics
ISSN
2538-8053
e-ISSN
—
Svazek periodika
6
Číslo periodika v rámci svazku
4
Stát vydavatele periodika
LT - Litevská republika
Počet stran výsledku
20
Strana od-do
1-20
Kód UT WoS článku
—
EID výsledku v databázi Scopus
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