Research on Chinese Stock Market during COVID-19—Based on Random Matrix Theory

Table 5

Variance decompositions of the consumption industry, pharmaceutical industry, and financial industry.

Variable	Period	Consumption	Medicine	Finance
Consumption	0	0	0	0
	5	0.9692	0.5296	0.5127
	10	0.9663	0.5289	0.5109
	15	0.9663	0.5289	0.5109
Medicine	0	0	0	0
	5	0.0228	0.4552	0.0640
	10	0.0233	0.4551	0.0649
	15	0.0233	0.4551	0.0649
Finance	0	0	0	0
	5	0.0080	0.0152	0.4233
	10	0.0104	0.0160	0.4242
	15	0.0104	0.0160	0.4242