Long correlations and truncated Levy walks applied to the study Latin-American market indices

This work is devoted to the study of long correlations and other statistical properties of Latin-American market indices. We concluded that the behavior of the return is compatible with a slow convergence to a Gaussian distribution. We also detected long-range correlations in the absolute value of t...

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Detalles Bibliográficos
Autores: Jaroszewicz, Sebastian, Mariani, Maria Cristina, Ferraro, Marta Beatriz
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2005
País:Argentina
Institución:Consejo Nacional de Investigaciones Científicas y Técnicas
Repositorio:CONICET Digital (CONICET)
Idioma:inglés
OAI Identifier:oai:ri.conicet.gov.ar:11336/73153
Acceso en línea:http://hdl.handle.net/11336/73153
Access Level:acceso abierto
Palabra clave:DETRENDED FLUCTUATION ANALYSIS
ECONOPHYSICS
LATIN-AMERICAN INDICES
LEVY FLIGHT
STOCK MARKET PRICES
https://purl.org/becyt/ford/1.3
https://purl.org/becyt/ford/1
Descripción
Sumario:This work is devoted to the study of long correlations and other statistical properties of Latin-American market indices. We concluded that the behavior of the return is compatible with a slow convergence to a Gaussian distribution. We also detected long-range correlations in the absolute value of the return analyzing the effects of working with short data series. This fact has relevant consequences in the volatility dynamics. © 2005 Elsevier B.V. All rights reserved.