Table 8 Average of the MF-DFA rankings for the aggregate and sectoral market returns
The GFC | The COVID-19 Outbreak | ||||
|---|---|---|---|---|---|
Ranking | Sector | MDM | Ranking | Sector | MDM |
1 | RREALESTATE | 0.3223 | 1 | RINFORMATIONTECH | 0.3013 |
2 | RMETALS | 0.2321 | 2 | RTOURISM | 0.2924 |
3 | RINDUSTRIAL | 0.2321 | 3 | RINDUSTRIAL | 0.2762 |
4 | RCHEMPETPLAS | 0.1811 | 4 | RBIST | 0.2648 |
5 | RTOURISM | 0.1352 | 5 | RFINANCIAL | 0.2579 |
6 | RINFORMATIONTECH | 0.1338 | 6 | RSERVICES | 0.2278 |
7 | RFINANCIAL | 0.1155 | 7 | RCHEMPETPLAS | 0.2249 |
8 | RBIST | 0.1139 | 8 | RREALESTATE | 0.222 |
9 | RSERVICES | 0.074 | 9 | RMETALS | 0.1122 |