Dr, Department of Microbiology, Bulacan State University, Bulacan, Philippines
Jeffhraim Balilla has extended his valuable service for many years and has been a recipient of many award and grants. His international experience includes various programs, contributions and participation in different countries for diverse fields of study. His research interests reflect in his wide range of publications in various national and international journals.
Research Article
Characterizing the Impact of COVID-19 on the Global Stock Indices through Comparative Analysis
Author(s): Jeffhraim Balilla*
This paper shows the impact of COVID-19 on the global stock indices through the use of comparative analysis.
Stock indices are presented by regions (Africa, Americas, Europe, Asia, and Oceania) and national stock indices
are compared based on historical data. A 2:4 month ratio is used as a “window” for observing the changes in the
movement of the price of indices from November–December 2019 and January–May 2020 respectively. COVID-19
infection count, recovery rate, and death rate are identified in each country from the first case recorded up to May
20, 2020. Based on analysis it appears that there is no sufficient evidence to conclude that the changes in the value
of indices is affected by the COVID-19 infection count (p-value=0.9129). In Africa, only INDZI (Zimbabwe) showed
a positive change of price in percentage points (1.39%) for Janua.. View more»