In this research, we are going to discuss the recovery rate of the financial sector after encountering
an economic hit, such as the Covid-19 pandemic. With doubt, we use market capitalization to
evaluate the recovery rate of the financial sector.
Here, we are considering different countries from all over the world, including the USA, the UK,
Italy, China, Hong Kong, South Korea, Singapore and Malaysia. As the economy has been hit
drastically especially since the beginning of the Covid-19 pandemic, we analyse the average return
relative to the market capitalization of several financial companies from different countries starting
from October 2019 until September 2020. We also analyse the volatility of the average return during
the recovery period.