Research on the Impact of the COVID-19 on the Consumer Goods Industry Group in the U.S. Stock Market

DOI

10.2991/assehr.k.211209.046How to use a DOI?

Keywords

Fama-French five-factor Model; COVID-19; Consumer goods industry; U.S. stock market

Abstract

The COVID-19 epidemic has severely affected the world economy, and the consumer goods industry in the United States has been influenced. Based on the Fama-French five-factor model, this study uses data from Ken.French/Data_Library website to perform multiple linear regression analysis. The research results show that the consumer goods industry group’s overall market risk (Mkt-Rf) has increased slightly. The RMW of the food and soda industries after the epidemic has become significant and is negatively correlated with the rate of return R_i. The SMB of the beer industry has become significant after the epidemic and is related to the rate of return is positive. The smoke industry has become significant in HML, RMW, and CMA after the epidemic. The epidemic’s impact on the consumer goods industry is not very serious, and the entire industry fluctuates slightly.

Copyright

© 2021 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Rui Wang
PY  - 2021
DA  - 2021/12/15
TI  - Research on the Impact of the COVID-19 on the Consumer Goods Industry Group in the U.S. Stock Market
BT  - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
PB  - Atlantis Press
SP  - 275
EP  - 280
SN  - 2352-5428
UR  - https://doi.org/10.2991/assehr.k.211209.046
DO  - 10.2991/assehr.k.211209.046
ID  - Wang2021
ER  -