Network Entropies of the Chinese Financial Market

Network Entropies of the Chinese Financial Market

Based on the data from the Chinese financial market, this paper focuses on analyzing three types of network entropies of the financial market, namely, Shannon, Renyi and Tsallis entropies. The findings suggest that Shannon entropy can reflect the volatility of the financial market, that Renyi and Ts...

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Veröffentlicht in:Entropy (Basel, Switzerland) Switzerland), 2016-09, Vol.18 (9), p.331-331
Hauptverfasser: Li, Shouwei, He, Jianmin, Song, Kai
Format: Artikel
Sprache:eng
Schlagworte:
Entropy
Entropy (Information)
Extreme values
financial market
Markets
network entropy
Networks
Parameters
Renyi entropy
Shannon entropy
Tsallis entropy
Volatility
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Beschreibung
Zusammenfassung:Based on the data from the Chinese financial market, this paper focuses on analyzing three types of network entropies of the financial market, namely, Shannon, Renyi and Tsallis entropies. The findings suggest that Shannon entropy can reflect the volatility of the financial market, that Renyi and Tsallis entropies also have this function when their parameter has a positive value, and that Renyi and Tsallis entropies can reflect the extreme case of the financial market when their parameter has a negative value.
ISSN:1099-4300
1099-4300
DOI:10.3390/e18090331