Spillover effects of COVID-19 on USA Education Group stocks

Spillover effects of COVID-19 on USA Education Group stocks | Research Square window.SnipcartSettings = { analytics: { enabled: false } }; (function() { var accessVector = localStorage.getItem('access_vector') || ''; window.dataLayer = window.dataLayer || []; if (accessVector) { window.dataLayer.push({ user: { profile: { profileInfo: { snid: accessVector } } } }); } })(); (function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start':new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0],j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src='https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f);})(window,document,'script','dataLayer','GTM-K279D39R'); Browse Preprints In Review Journals COVID-19 Preprints AJE Video Bytes Research Tools Research Promotion AJE Professional Editing AJE Rubriq About Preprint Platform In Review Editorial Policies Our Team Advisory Board Help Center Sign In Submit a Preprint Cite Share Download PDF Research Article Spillover effects of COVID-19 on USA Education Group stocks Leonardo H S Fernandes, Fernando H. A. de Araujo, José W. L. Silva, and 6 more This is a preprint; it has not been peer reviewed by a journal. https://doi.org/ 10.21203/rs.3.rs-3446631/v1 This work is licensed under a CC BY 4.0 License Status: Published Journal Publication published 09 Apr, 2024 Read the published version in Fractals → Version 1 posted You are reading this latest preprint version Abstract We explore the price dynamics of 16 representative records of USA Education Group stocks, encompassing two non-overlapping periods (before, during and after COVID-19). Based on information theory and cluster analysis techniques, our study provides insights into the disorder, predictability, efficiency, similarity and resilience/weakness considering the most diverse financial stakeholders. Our results show that nine assets were weak during the COVID-19 crisis (AACG, APEI, ATGE, CHG, LINC, LRN, PRDO, STRA and UTI). In this way, the most significant negative impact on their price dynamics was AACG (−6.617%), followed by LINC (−5.236%). Otherwise, the most significant positive effects on their price dynamics resulting from the COVID-19 crisis were TWOU (5.973%) and EDU (2.612%). Our findings contribute significantly to understanding price dynamics in the education sector, encompassing non-crisis and crisis periods and provide valuable information for financial risk management, highlighting the importance of considering financial assets’ efficiency and resilience/weakness during economic turbulence, such as the COVID-19 crisis. Education groups stocks Disorder maps Cluster techniques Resilience Weakness Full Text Cite Share Download PDF Status: Published Journal Publication published 09 Apr, 2024 Read the published version in Fractals → Version 1 posted You are reading this latest preprint version Research Square lets you share your work early, gain feedback from the community, and start making changes to your manuscript prior to peer review in a journal. As a division of Research Square Company, we’re committed to making research communication faster, fairer, and more useful. We do this by developing innovative software and high quality services for the global research community. Our growing team is made up of researchers and industry professionals working together to solve the most critical problems facing scientific publishing. Also discoverable on Platform About Our Team In Review Editorial Policies Advisory Board Help Center Resources Author Services Accessibility API Access RSS feed Manage Cookie Preferences © Research Square 2026 | ISSN 2693-5015 (online) Privacy Policy Terms of Service Do Not Sell My Personal Information {"props":{"pageProps":{"initialData":{"identity":"rs-3446631","acceptedTermsAndConditions":true,"allowDirectSubmit":true,"archivedVersions":[],"articleType":"Research Article","associatedPublications":[],"authors":[{"id":240148694,"identity":"455e1a93-93eb-4f88-8fa2-ce410f7a40c9","order_by":0,"name":"Leonardo H S Fernandes","email":"","orcid":"","institution":"","correspondingAuthor":false,"submittingAuthor":false,"prefix":"","firstName":"Leonardo","middleName":"H S","lastName":"Fernandes","suffix":""},{"id":240148695,"identity":"5e1cd815-e2a4-433c-9ae0-448265d44d95","order_by":1,"name":"Fernando H. 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