Correlation between the ECB Pandemic Policy and the STOXX Europe 600 Sector Performance ...

@article{10910,
   author = {Hütteroth, Alexander and Budinský, Petr},
   article_location = {Prague},
   article_number = {2},
   doi = {http://dx.doi.org/10.37355/acta-2023/2-02},
   keywords = {STOXX Europe 600; performance sensitivity; mean reversion; interest rates; COVID-19; central banks},
   language = {eng},
   issn = {1802-792X},
   journal = {ACTA VŠFS},
   title = {Correlation between the ECB Pandemic Policy and the STOXX Europe 600 Sector Performance Sensitivity},
   url = {https://acta.vsfs.eu/pdf/acta-2023-2-02.pdf},
   volume = {17},
   year = {2023}
}

TY  - JOUR
ID  - 10910
AU  - Hütteroth, Alexander - Budinský, Petr
PY  - 2023
TI  - Correlation between the ECB Pandemic Policy and the STOXX Europe 600 Sector Performance Sensitivity
JF  - ACTA VŠFS
VL  - 17
IS  - 2
SP  - 125-144
EP  - 125-144
PB  - Vysoká škola finanční a správní, a.s.
SN  - 1802792X
KW  - STOXX Europe 600
KW  - performance sensitivity
KW  - mean reversion
KW  - interest rates
KW  - COVID-19
KW  - central banks
UR  - https://acta.vsfs.eu/pdf/acta-2023-2-02.pdf
N2  - In 2022 European equity markets lost some of their value, led by high-growth sectors, which generally have a significantly higher growth rate. The prevailing academic opinion is that the European Central Bank's monetary policy during the COVID-19 pandemic is a key reason and the financial and the technology sectors are defined to be particularly sensitive to interest rates. In this context, a performance sensitivity analysis for the STOXX Euro 600 sectors on European Central Bank interest rates from 2020 to 2022 will be investigated based on the assumption of a significant interest rate sensitivity. The objective is achieved with a Pearson correlation and linear regression. The results confirm a correlation for the selected sectors, indicating a potential general sensitivity for the entire investigation period. On this basis, further research on sectors and variables such as inflation and a comparison with Fed interest rates and the S&P 500 is recommended.
ER  - 

HÜTTEROTH, Alexander a Petr BUDINSKÝ. Correlation between the ECB Pandemic Policy and the STOXX Europe 600 Sector Performance Sensitivity. \textit{ACTA VŠFS}. Prague: Vysoká škola finanční a správní, a.s., 2023, roč.~17, č.~2, s.~125-144. ISSN~1802-792X. Dostupné z: https://dx.doi.org/10.37355/acta-2023/2-02.