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VERSION:2.0
PRODID:-//AMSE//Event Calendar//FR
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UID:event-9614@www.amse-aixmarseille.fr
DTSTAMP:20260421T151422Z
CREATED:20260421T151422Z
LAST-MODIFIED:20260421T151422Z
STATUS:CONFIRMED
SEQUENCE:0
SUMMARY:finance seminar - Fredj Jawadi
DTSTART:20221206T133000Z
DTEND:20221206T133000Z
DESCRIPTION:The US stock market has displayed considerable excess volatilit
 y during the different waves of the COVID-19 pandemic. Notably\, while most
  US indexes fell abruptly and lost about 20%-30% during the first wave and 
 in times of lockdown\, unlike the global financial crisis of 2008-2009\, th
 e correction was rapid\, and most stock indexes subsequently exceeded their
  pre-COVID levels. Accordingly\, it is important to assess whether this dyn
 amic is driven more by a switch in fundamentals or whether it is simply due
  to a conversion of investors’ emotions. This chapter aims to analyze the
  dynamics of the US (S&P500) stock index both before and during the ongoing
  coronavirus pandemic. Our findings point to three interesting results. Fir
 st\, US stock returns are driven by both macro-financial and behavioral fac
 tors. Second\, a two-regime multifactorial model reproduces the dynamics of
  the US market in which financial factors play a key role whatever the regi
 me\, while the impact of behavioral factors appears more significant only i
 n the second regime when investors’ anxiety exceeds a given threshold. Th
 ird\, our in-sample forecasts point to the superiority of our nonlinear mul
 tifactorial model to forecast the dynamics of the US stock market.\\n\\nCon
 tact: Eric Girardin : eric.girardin[at]univ-amu.frGaël Leboeuf : gael.lebo
 euf[at]univ-amu.frChristelle Lecourt : christelle.lecourt[at]univ-amu.fr\n\
 nPlus d'informations: https://www.amse-aixmarseille.fr/fr/evenements/fredj-
 jawadi
LOCATION:MEGA
URL;VALUE=URI:https://www.amse-aixmarseille.fr/fr/evenements/fredj-jawadi
CONTACT:Eric Girardin : eric.girardin[at]univ-amu.frGaël Leboeuf : gael.le
 boeuf[at]univ-amu.frChristelle Lecourt : christelle.lecourt[at]univ-amu.fr
TRANSP:OPAQUE
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