COVOL data for
COVOL Loadings
| Loading | VW Loading | |
|---|---|---|
| Princ Comp #1 | 0.2506 | 0.4193 |
| MSCI ACWI | 0.2384 | 0.3524 |
| France | 0.2073 | 0.5140 |
| Kuwait | 0.1921 | 0.1503 |
| Spain | 0.1881 | 0.5427 |
| Germany | 0.1879 | 0.4868 |
| Italy | 0.1823 | 0.5342 |
| Netherlands | 0.1810 | 0.4413 |
| Belgium | 0.1801 | 0.4031 |
| Egypt | 0.1757 | 0.5569 |
| Thailand | 0.1576 | 0.4411 |
| Malaysia | 0.1569 | 0.2645 |
| Austria | 0.1526 | 0.4243 |
| China | 0.1469 | 0.4190 |
| UAE | 0.1448 | 0.2671 |
| Finland | 0.1398 | 0.2352 |
| Qatar | 0.1369 | 0.2008 |
| Nigeria | 0.1368 | 0.4484 |
| Hong Kong | 0.1334 | 0.3324 |
| South Korea | 0.1330 | 0.5502 |
Top COVOL Events (new events in boldface)
| Date | COVOL | Event | |
|---|---|---|---|
| 1 | Mar 9, 2020 | 55.61 | COVID - All of Italy is locked down, Saudi Arabia / Russia oil price war |
| 2 | Jun 24, 2016 | 50.06 | Brexit |
| 3 | Sep 17, 2001 | 46.38 | Market reopens after Sept 11th |
| 4 | Feb 27, 2007 | 30.23 | Rumors of a Chinese crackdown on market speculation, Alan Greenspan warns of possible impending recession, Dick Cheney assassination attempt, Drop in durable goods orders |
| 5 | Aug 5, 2014 | 25.46 | Tension between Russia and Ukraine |
| 6 | Aug 24, 2015 | 23.60 | Flash Crash, Chinese Black Monday |
| 7 | Mar 12, 2020 | 22.86 | COVID - Day after Trump address -- blocks visitors coming in from Europe |
| 8 | Apr 24, 2017 | 21.93 | Syrian sanctions |
| 9 | Apr 3, 2025 | 20.78 | Global equities slide as U.S. imposes broad new import tariffs |
| 10 | Jun 3, 2024 | 17.94 | Mexican elections cause markets to fear constitutional change and diminished checks and balances. Indian markets rally on election exit poll data. South African stocks rally on the prospect of the African National Congress striking a coalition deal with a market-friendly party. Inflation in many countries shows signs of peaking or slowing. |
| 11 | Aug 5, 2011 | 17.87 | Rumors of US credit rating downgrade |
| 12 | Nov 9, 2016 | 17.63 | Donald Trump elected president of the United States |
| 13 | May 18, 2017 | 16.56 | Justice dept appoints Robert Mueller to head Russia investigation |
| 14 | Apr 9, 2018 | 16.45 | North Korea open to denuclearization, Missles hit Syrian air base |
| 15 | Nov 9, 2020 | 16.15 | COVID - Pfizer early trial data suggests vaccine is 90% effective; Oil soars 8% on promising COVID-19 vaccine results; Joe Biden elected president of the United States |
| 16 | Mar 13, 2020 | 15.86 | COVID - US declares national state of emergency |
| 17 | Oct 13, 2008 | 15.66 | Global Financial Crisis - Relief rally from details of bailout package, European bailout packages, and Federal Reserve actions |
| 18 | Jan 3, 2001 | 15.55 | Fed surprise 50 bps interest rate cut |
| 19 | Oct 9, 2023 | 15.19 | Hamas attacks Israel |
| 20 | Oct 10, 2008 | 15.03 | Global Financial Crisis - Global stock market crash |