The Efficiency of Polish Stock Market: Ordinal Patterns Approach

• Authors: G. Graff , A. Kaczkowska
• Languages of publication: EN

Abstracts

EN

Zunino et al. analyzed the problem of discrimination of developed and emergent markets by the use of ordinal patterns methods: number of forbidden patterns and ordinal pattern probability distribution as a basis for entropy and statistical measure of complexity. In this paper we apply the same methodology for the analysis of Polish stock market (index WIG). The results indicate that Polish market belongs neither to developed, nor to emergent groups of markets. It represents hybrid market, the third group distinguished in the paper by Zunino et al.

Keywords

EN

89.65.Gh; 89.70.Cf; 89.75.Kd

Discipline

• 89.75.Kd: Patterns
• 89.70.Cf: Entropy and other measures of information
• 89.65.Gh: Economics; econophysics, financial markets, business and management(for economic issues regarding production and use of renewable energy, see 88.05.Lg)

• Publisher: Institute of Physics, Polish Academy of Sciences
• Journal: Acta Physica Polonica A
• Year: 2013
• Volume: 123
• Issue: 3
• Pages: 526-528

Dates

published

2013-03

Contributors

author

G. Graff

• Faculty of Applied Physics and Mathematics, Gdańsk University of Technology, Gdańsk, Poland

author

A. Kaczkowska

• Faculty of Applied Physics and Mathematics, Gdańsk University of Technology, Gdańsk, Poland

References

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Identifiers

DOI

10.12693/APhysPolA.123.526