Table 7 Tests for ARCH Effect: 01/01/2019–06/30/2020
From: COVID-19 and instability of stock market performance: evidence from the U.S.
Return | ARCH (15) Statistics | Return | ARCH (15) Statistics |
|---|---|---|---|
\({R}_{t}^{S\&P 500}\) | 164.1490*** | \({R}_{t}^{DJIA}\) | 158.4570*** |