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运用R/S分析方法对中国股市进行研究,摒弃了以前多数学者对中国股市的单个指标的片面研究,而是从纵横两个方面研究中国股市.横向表现在选择了中国股市最具有代表性的两个指数———上证综指和深成指数;纵向表现在分别探索了两个指数在5个长短不同的时间增量上的收益率的分形特征及其时间敏感性.最后通过纵横两个方面的比较揭示了中国股市的波动特征.
R & S analysis method is used to study the Chinese stock market, abandoning the previous one-sided study on the single indicator of China’s stock market by most scholars, but studying the Chinese stock market from both vertical and horizontal aspects.Selecting the most representative of the Chinese stock market, Two indices --- Shanghai Composite Index and Shenzhen Component Index; vertical performance respectively explores the fractal characteristics and time sensitivity of the returns of the two indices in five different time increments.Finally, through two vertical and horizontal The comparison shows the volatility of China’s stock market.