Table 3

Stock market crashes identified by the CMAX approach in Brazil

The beginning of the crisisThe date of troughThe date of recoveryThe duration of the crisisMagnitude (%)
From theFrom the
Beginning of the crisis to the troughTrough to the recovery
20/05/200827/10/200811/09/20175 months, and 10 days8 years, 10 months, and 21 days59.96
23/01/202023/03/202007/01/20212 months9 months, and 15 days46.82
Source(s): Authors’ own work

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