An approach for the relationship analysis between social events and the stock market during the pandemic

Zhou, R; Hua, J; Chi, X; Ren, X; Hua, S

An approach for the relationship analysis between social events and the stock market during the pandemic

Zhou, R Hua, J

Chi, X Ren, X Hua, S

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Publisher:: MDPI AG
Publication Type:: Journal Article
Citation:: Applied Sciences (Switzerland), 2021, 11, (19), pp. 8838-8838
Issue Date:: 2021-10-01

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Field	Value	Language
dc.contributor.author	Zhou, R
dc.contributor.author	Hua, J https://orcid.org/0000-0002-3409-2076
dc.contributor.author	Chi, X
dc.contributor.author	Ren, X
dc.contributor.author	Hua, S
dc.date.accessioned	2022-01-04T03:19:54Z
dc.date.available	2022-01-04T03:19:54Z
dc.date.issued	2021-10-01
dc.identifier.citation	Applied Sciences (Switzerland), 2021, 11, (19), pp. 8838-8838
dc.identifier.issn	1454-5101
dc.identifier.issn	2076-3417
dc.identifier.uri	http://hdl.handle.net/10453/152648
dc.description.abstract	COVID-19 is the latest among the many pandemics in the last few decades in the world, and it has stricken the global economy severely. It has consequently affected the stock market, which affects the economy of the country to a great extent. Some research has managed to analyse the impacts on the stock market during the outbreak; however, few of them have been related to relationship analytics. Here, we proposed a methodology based on pure data analytics, which gathers two types of data, event and stock index in China, to explore their relationship through analysing the stock index’s shift in reacting to pertinent social events, hence revealing insights into how events affect fluctuations in stock indices. The results showed that the relationship does exist in most cases. However, the closeness of the relationship may also be associated with the location of the stock company and other factors such as its geographical, political, and local authority considerations. This study may potentially assist stakeholders in adjusting their investments in the stock market.
dc.language	en
dc.publisher	MDPI AG
dc.relation.ispartof	Applied Sciences (Switzerland)
dc.relation.isbasedon	10.3390/app11198838
dc.rights	info:eu-repo/semantics/openAccess
dc.title	An approach for the relationship analysis between social events and the stock market during the pandemic
dc.type	Journal Article
utslib.citation.volume	11
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Provost
pubs.organisational-group	/University of Technology Sydney/Provost/TD School
utslib.copyright.status	open_access	*
dc.date.updated	2022-01-04T03:19:51Z
pubs.issue	19
pubs.publication-status	Published
pubs.volume	11
utslib.citation.issue	19

Abstract:

COVID-19 is the latest among the many pandemics in the last few decades in the world, and it has stricken the global economy severely. It has consequently affected the stock market, which affects the economy of the country to a great extent. Some research has managed to analyse the impacts on the stock market during the outbreak; however, few of them have been related to relationship analytics. Here, we proposed a methodology based on pure data analytics, which gathers two types of data, event and stock index in China, to explore their relationship through analysing the stock index’s shift in reacting to pertinent social events, hence revealing insights into how events affect fluctuations in stock indices. The results showed that the relationship does exist in most cases. However, the closeness of the relationship may also be associated with the location of the stock company and other factors such as its geographical, political, and local authority considerations. This study may potentially assist stakeholders in adjusting their investments in the stock market.

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http://hdl.handle.net/10453/152648