Understanding the Chinese stock market
β Scribed by Cheng Guo; Yu Liangyuan; Ke Changwen
- Publisher
- John Wiley and Sons
- Year
- 2007
- Tongue
- English
- Weight
- 87 KB
- Volume
- 18
- Category
- Article
- ISSN
- 1044-8136
No coin nor oath required. For personal study only.
β¦ Synopsis
Abstract
Stock markets are often seen as economic barometers. But until recently, the Chinese stock market hasn't reflected the growth of the Chinese economy. Why was this so? The answer lies in the peculiarities of the Chinese stock market, say the authors. And they explain what foreign investors need to know. Β© 2007 Wiley Periodicals, Inc.
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Applying fractal theory, this paper probes and discusses self-similarity and scale invariance of the Chinese stock market. It analyses three kinds of scale indexes, i.e., autocorrelation index, Hurst index and the scale index on the basis of detrended uctuation analysis (DFA) algorithm and promotes