Research on the Dynamic Fluctuations of AAL Stock Price with the impact of COVID-19

DOI

10.2991/aebmr.k.220405.198How to use a DOI?

Keywords

COVID-19; Stock price fluctuation; Airline industry; Stock volatility

Abstract

The airline industry has come across severe hits since the outbreak of COVID-19, which is reflected by stock price fluctuations. This paper assesses the impact of global and regional epidemic situations on American Airline stock price. We build an ARMAX model, a VAR model, and an ARMA-GARCH model to analyze the changes of the stock price in value and volatility. This paper finds that epidemic outbreaks surprisingly have a positive impact on stock return and reduce its volatility, while the past of the stock price has a significant influence on its future value.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article distributed under the CC BY-NC 4.0 license.

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TY  - CONF
AU  - Bowen Duan
PY  - 2022
DA  - 2022/04/29
TI  - Research on the Dynamic Fluctuations of AAL Stock Price with the impact of COVID-19
BT  - Proceedings of the 2022 7th International Conference on Social Sciences and Economic Development (ICSSED 2022)
PB  - Atlantis Press
SP  - 1196
EP  - 1205
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220405.198
DO  - 10.2991/aebmr.k.220405.198
ID  - Duan2022
ER  -