Fractal Structure of the Chinese Stock Market: Theory and Empirical Evidence

Author: Huang Yirong
Publisher:
Publish Date: 2006-03-01
Features: This book conducts a comprehensive, systematic, and in-depth study on the fractal structure of the Chinese stock market using fractal theory and a large number of statistical methods. Based on theoretical research, it also performs extensive empirical analyses. The book is divided into five parts: a systematic exposition of fractal theory; research on the univariate fractal structure of the Chinese stock market; theoretical and empirical analysis of the fractal difference model constructed to study one of the fractal characteristics—long-memory property; further research on the multivariate fractal structure of the Chinese stock market; and the use of fractal characteristics to partially revise traditional capital market theories, proposing the fractal capital market theory. It is suitable for reference and analysis by professional stock market researchers.