Research Article
Economic Policy Uncertainty and Sectoral Trading Volume in the U.S. Stock Market: Evidence from the COVID-19 Crisis
Table 2
The width of the multifractal spectrum
in equation (
17) and degree of multifractality
for the MATV for all the sectors.
| Sector | | | | | | |
| Communication service | 0.7323 | −0.027 | 0.2179 | 0.7593 | 0.4818 | −0.355 | Consumer discretionary | 0.6544 | −0.0853 | 0.2041 | 0.7398 | 0.441 | −0.2175 | Consumer staples | 0.7014 | −0.1123 | 0.2092 | 0.8138 | 0.5147 | −0.2098 | Energy | 0.7278 | −0.0745 | 0.3099 | 0.8023 | 0.5065 | −0.0419 | Financials | 0.9589 | 0.1443 | 0.3252 | 0.8146 | 0.5524 | −0.5558 | Health care | 0.7071 | −0.1023 | 0.1961 | 0.8094 | 0.5112 | −0.2628 | Industrials | 0.6086 | −0.0174 | 0.2692 | 0.626 | 0.3997 | −0.0843 | Information technology | 0.7078 | −0.0115 | 0.2422 | 0.7193 | 0.4391 | −0.2948 | Materials | 0.9872 | 0.0828 | 0.3163 | 0.9044 | 0.6251 | −0.4836 | Real estate | 1.0968 | 0.14 | 0.2992 | 0.9567 | 0.6838 | −0.6673 | Utilities | 0.706 | −0.1207 | 0.216 | 0.8267 | 0.5385 | −0.1854 |
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