Analysis of the Topology Structure of Network of Chinese Stock Market

2012 International Conference on Management of e-Commerce and e-Government Pub Date : 2012-10-20 DOI:10.1109/ICMECG.2012.86

Pengguo Wang

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引用次数: 3

Abstract

In order to describe the network and topology structure of Chinese stock markets in a deep and vivid way, this paper selected 20 stocks belong to different sections of its trading days between May 3, 2011 to May 3, 2012 closing price (before recovery of the right) calculated as the basis to establish a stock market adjacency matrix. Firstly, by using the knowledge of mathematical statistics and algebra to get the related coefficient between two stocks and establish adjacent matrix. Secondly, the topology of the established network whose vertices are stocks and edges between vertices are the related coefficient of stocks is created by the Pajek software for the sake of simulating relatively real model for estimating stock network. Lastly, by calculating and using the main index which influence the network structure characteristics and dynamics features such as average path length, cluster coefficient and degree distribution to make a further analysis of the stock market network, which could provides some recommendations and actual of data as reference to China of stock market construction.

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中国股票市场网络拓扑结构分析

为了更深入生动地描述中国股票市场的网络和拓扑结构，本文选取了2011年5月3日至2012年5月3日收盘价(右侧恢复前)计算的交易日中属于不同时段的20只股票作为基础，建立了股票市场邻接矩阵。首先，运用数理统计和代数知识，求出两股之间的相关系数，建立相邻矩阵。其次，利用Pajek软件建立顶点为股票、顶点间边为股票相关系数的网络拓扑结构，模拟较为真实的股票网络估计模型。最后，通过计算和利用平均路径长度、聚类系数和度分布等影响网络结构特征和动态特征的主要指标，对股票市场网络进行进一步分析，为中国股票市场建设提供一些建议和实际数据参考。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

2012 International Conference on Management of e-Commerce and e-Government

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