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A proposed centrality measure: The case of stocks traded at Bursa Malaysia


Sharif, Shamshuritawati and Djauhari, Maman Abdurachman (2012) A proposed centrality measure: The case of stocks traded at Bursa Malaysia. Modern Applied Science, 6 (10). pp. 62-69. ISSN 1913-1844

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Abstract

In this paper we propose the average of weights of all links adjacent to each stock as a centrality measure. This measure, besides the traditional centrality measures such as degree centrality, betwenness centrality, closeness centrality and eigenvector centrality will be helpful in interpreting the network topology of stocks markets. A case study of 90 stocks market traded at Bursa Malaysia will be presented and discussed to illustrate the advantage of the proposed measure.

Item Type: Article
Uncontrolled Keywords: correlation matrix, distance matrix, Kruskal algorithm, minimum spanning tree, sub-dominant ultrametric
Subjects: H Social Sciences > HG Finance
Divisions: College of Arts and Sciences
Depositing User: Dr. Shamshuritawati Sharif
Date Deposited: 04 Nov 2014 09:01
Last Modified: 04 Nov 2014 09:01
URI: http://repo.uum.edu.my/id/eprint/12535

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