From: An impact assessment of the COVID-19 pandemic on Japanese and US hotel stocks
Japanese Hotels | LFJT | LIMP | LRYL | LKYT | |||
---|---|---|---|---|---|---|---|
Zivot- | t-Stat | Pr. | t-Stat | Pr. | t-Stat | Pr. | t-Stat |
Andrews | − 2.379 | 0.946 | − 4.658 | 0.035 | − 3.666 | 0.319 | − 2.345 |
 | Break: | Pr. | Break: | Pr. | Break: | Pr. | Break: |
 | 7/31/'20 | 0.008 | 3/17/'20 | 0.042 | 11/06/'20 | 0.002 | 4/06/'20 |
US Hotels | LCHH | LH | LHLT | LIHG | |||
---|---|---|---|---|---|---|---|
Zivot- | t-Stat | Pr. | t-Stat | Pr. | t-Stat | Pr. | t-Stat |
Andrews | − 3.324 | 0.512 | − 3.229 | 0.572 | − 2.020 | 0.989 | − 2.583 |
 | Break: | Pr. | Break: | Pr. | Break: | Pr. | Break: |
 | 4/01/'20 | 0.021 | 5/13/'20 | 0.019 | 1/08/'19 | 0.146 | 3/17/'20 |
Japanese Hotels | Â | LOL | LSB | LKRT | |||
---|---|---|---|---|---|---|---|
Zivot- | Pr. | t-Stat | Pr. | t-Stat | Pr. | t-Stat | Pr. |
Andrews | 0.953 | − 3.646 | 0.328 | − 3.152 | 0.618 | − 2.348 | 0.952 |
 | Pr. | Break: | Pr. | Break: | Pr. | Break: | Pr. |
 | 0.010 | 7/30/'19 | 0.099 | 11/27/'20 | 0.006 | 3/16/'20 | 0.038 |
US Hotels | Â | LMAR | LWH | LMGM | |||
---|---|---|---|---|---|---|---|
Zivot- | Pr. | t-Stat | Pr. | t-Stat | Pr. | t-Stat | Pr. |
Andrews | 0.890 | − 3.144 | 0.622 | − 2.737 | 0.829 | − 2.280 | 0.964 |
 | Pr. | Break: | Pr. | Break: | Pr. | Break: | Pr. |
 | 0.025 | 5/05/'20 | 0.010 | 3/18/'20 | 0.015 | 5/12/'20 | 0.024 |