The Effects of the COVID-19 Pandemic on the Philippine Stock Exchange Index
Keywords:
Coronavirus, COVID-19 Pandemic, Philippine Stock Exchange, Robust Least Squares Regression, Augmented-Dickey Fuller (ADF)Abstract
This paper investigated the effects of the COVID-19 pandemic on the Philippine Stock Exchange Index from January 31, 2020 to January 31, 2022 using Robust Least Squares Regression and Augmented Dickey-Fuller (ADF). This study explored the correlation patterns between the increasing number of weekly COVID-19 infections to the Philippine Stock Exchange Index in order to determine the risk of extreme volatility in the Philippine Stock Exchange Index. Furthermore, this study examined the short and long-run effects of COVID-19 weekly infections prior to the fluctuations of the Philippine Stock Exchange Index. This article will significantly help investors understand and further analyze the effects of the pandemic on the volatility of the Philippine stock exchange index.
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