Prediction of Physical therapy stock prices by telehealth stocks and COVID19 cases

Document Type : Original Article

Authors

1 Basic Science Department Physical Therapy Faculty Kafrelsheik University Kafrelsheik , Egypt

2 physical therapy for internal medicine and geriatric, faculty of physical therapy , south valley university

3 Physical therapy department for integumentary disorders, Faculty of Physical Therapy, Kafrelsheikh University, Kafr-el-Shaikh, Egypt

Abstract

Introduction: COVID 19 is a global pandemic that affects the stock market and is the main player that empowers telehealth stocks that may affect other professions.
Purpose: investigate the impact of the number and rate of COVID19 cases, deaths, and Telehealth stock prices on the physical therapy stock prices.
Methods: Stocks data were extracted from yahoo finance while covid data were extracted from CDC (Center for Disease Control).
Results: The first difference of the log was used for transformation and the best lag is lag 1. Also, var results showed adjusted R-squared: 0.01305 with F-statistic equaled 1.793 and p-value equaled 0.0762.
Conclusion: Only covid test volume could be used to predict physical therapy stock.

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