Table 3 Stock market crashes identified... | Emerald Publishing

Table 3

Stock market crashes identified by the CMAX approach in Brazil

The beginning of the crisis	The date of trough	The date of recovery	The duration of the crisis		Magnitude (%)
			From the	From the
			Beginning of the crisis to the trough	Trough to the recovery
20/05/2008	27/10/2008	11/09/2017	5 months, and 10 days	8 years, 10 months, and 21 days	59.96
23/01/2020	23/03/2020	07/01/2021	2 months	9 months, and 15 days	46.82

The beginning of the crisis	The date of trough	The date of recovery	The duration of the crisis		Magnitude (%)
			From the	From the
			Beginning of the crisis to the trough	Trough to the recovery
20/05/2008	27/10/2008	11/09/2017	5 months, and 10 days	8 years, 10 months, and 21 days	59.96
23/01/2020	23/03/2020	07/01/2021	2 months	9 months, and 15 days	46.82

Source(s): Authors’ own work