Stock Networks Analysis in Kuala Lumpur Stock Exchange
DOI:
https://doi.org/10.11113/mjfas.v8n2.124Keywords:
Stocks Market, Sub-Dominant Ultrametric, Correlation Matrix, Euclidean Distance,Abstract
This paper deals with an analysis of correlation structure among stocks traded in Kuala Lumpur Stock Exchange (KLSE) by using network analysis approach. The minimum spanning tree (MST) related to that correlation structure will be presented to have a better understanding about stocks topological network. An overall centrality measure will be introduced to filter the economic information contained in the MST. This measure will give additional economic information that cannot be delivered by the conventional centrality measures such as degree centrality, betweenness centrality, closeness centrality and eigenvector centrality.References
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