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. 2021 May 28;104(4):4117–4147. doi: 10.1007/s11071-021-06535-8

Table 3.

Averages comparison before 2012, between 2012 and 2019 and after 2020

Dec/2011 2012–2019 Ratio 2020 Ratio ANOVA K–W
S&P 500 0.029 0.047 1.634 0.056 1.202 0.469 (0.494) 3.896 (0.143)
DJIA 0.033 0.042 1.275 0.023 0.541 0.026 (0.872) 1.033 (0.597)
NASDAQ 0.033 0.061 1.860 0.144 2.336 1.726 (0.189) 9.361 (0.009)
FACEBOOK 0.113 0.075 0.664 0.121 1.625 0.009 (0.923) 0.361 (0.835)
AMAZON 0.122 0.118 0.967 0.224 1.906 0.047 (0.828) 0.687 (0.158)
TESLA 0.048 0.133 2.800 0.864 6.477 6.229 (0.013) 8.314 (0.016)
APPLE 0.070 0.088 1.246 0.226 2.580 0.448 (0.503) 2.675 (0.263)
NETFLIX 0.087 0.173 1.983 0.205 1.182 0.686 (0.408) 0.765 (0.682)
GOOGLE 0.100 0.071 0.707 0.105 1.486 0.085 (0.770) 2.262 (0.323)

K–W: Kruskal–Wallis test (p value is in parenthesis). Ratio is the division of average return between two periods. For example, the ratio after column “2020” divides the average return for the year 2020 by the daily average return of the period 2012–2019. The columns “Dec/2011”, “2012–2019” and “2020” include the daily average return in each period