Over (Under)-Evaluation of the Stock Market due to Covid-19 Pandemic.

Student: Chizhikov Egor

Supervisor: Sylvain Carré

Faculty: International College of Economics and Finance

Educational Programme: Double degree programme in Economics of the NRU HSE and the University of London (Bachelor)

Year of Graduation: 2021

The aim of this diploma paper is to find out whether Covid-19 lead to market imbalances on the example of US stock market. Data for S&P 500 index as well as data for stock prices and main financial indicators of companies from selected sectors was used. The results of this diploma paper shows that US stock market due to Covid-19 is imbalanced, nevertheless, it is incorrect to make unambiguous about whether the market is overvalued or undervalued, as research has shown, some sectors of the American stock market can be considered as undervalued, some as overvalued.

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