Correlation of European and U.S. Technology and Financial Stocks during COVID-19 Pandemic

@article{10911,
   author = {Budinský, Petr and Hütteroth, Alexander},
   article_location = {Vilnius},
   article_number = {4},
   doi = {http://dx.doi.org/10.33422/ijarme.v6i4.1134},
   keywords = {Stock correlation; COVID-19; Stock indices; Central banks; Stock valuation},
   language = {eng},
   issn = {2538-8053},
   journal = {International Journal of Applied Research in Management and Economics},
   title = {Correlation of European and U.S. Technology and Financial Stocks during COVID-19 Pandemic},
   url = {https://dpublication.com/journal/IJARME/article/view/1134},
   volume = {6},
   year = {2023}
}

TY  - JOUR
ID  - 10911
AU  - Budinský, Petr - Hütteroth, Alexander
PY  - 2023
TI  - Correlation of European and U.S. Technology and Financial Stocks during COVID-19 Pandemic
JF  - International Journal of Applied Research in Management and Economics
VL  - 6
IS  - 4
SP  - 1-20
EP  - 1-20
PB  - Mokslinės Leidybos Deimantas
SN  - 25388053
KW  - Stock correlation
KW  - COVID-19
KW  - Stock indices
KW  - Central banks
KW  - Stock valuation
UR  - https://dpublication.com/journal/IJARME/article/view/1134
N2  - 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.
ER  - 

BUDINSKÝ, Petr a Alexander HÜTTEROTH. Correlation of European and U.S. Technology and Financial Stocks during COVID-19 Pandemic. \textit{International Journal of Applied Research in Management and Economics}. Vilnius: Mokslinės Leidybos Deimantas, 2023, roč.~6, č.~4, s.~1-20. ISSN~2538-8053. Dostupné z: https://dx.doi.org/10.33422/ijarme.v6i4.1134.