Universality in the stock exchange

Details Universality in the stock exchange Universality in the stock exchange

2008-10-14

arxiv.org/abs/0810.2508v2

Economy

Quantitative Finance

Statistical Finance

9 pages, 4 figures

Scientific paper

We analyze the constituents stocks of the Dow Jones Industrial Average (DJIA30) and the Standard & Poor's 100 index (S&P100) of the NYSE stock exchange market. Surprisingly, we discover the data collapse of the histograms of the DJIA30 price fluctuations and of the S&P100 price fluctuations to the universal non-parametric Bramwell-Holdsworth-Pinton (BHP) distribution. Since the BHP probability density function appears in several other dissimilar phenomena, our result reveals an universal feature of the stock exchange market.

Affiliated with

Also associated with

No associations

Rating

Universality in the stock exchange does not yet have a rating. At this time, there are no reviews or comments for this scientific paper.

If you have personal experience with Universality in the stock exchange, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Universality in the stock exchange will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFWR-SCP-O-591926