Fractal Analysis in the Indian Stock Market with Special Reference to CNX 500 Index Returns
Author | : Gayathri Mahalingam |
Publisher | : |
Total Pages | : 10 |
Release | : 2014 |
ISBN-10 | : OCLC:1308946592 |
ISBN-13 | : |
Rating | : 4/5 ( Downloads) |
Download or read book Fractal Analysis in the Indian Stock Market with Special Reference to CNX 500 Index Returns written by Gayathri Mahalingam and published by . This book was released on 2014 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fractal Analysis assesses the fractal characteristics of data. It consists of several methods to assign a fractal dimension and other fractal characteristics in a data set which may be a theoretical data set or a pattern of signals extracted from phenomena including natural geometric objects, sound, market fluctuations, heart rates, digital images, molecular motion, networks, etc. A fractal dimension is an index for characterizing fractal patterns or sets by quantifying their complexity as a ratio of the change in detail to the change in scale. Fractal dimensions are used to characterize a broad spectrum of objects ranging from the abstract to practical phenomena including turbulence, river networks, urban growth, human physiology, medicine, and market trends. Analysing the fractal structure is now widely used in stock market to predict the future prices. The main aim of this study is to analyze the fractal dimension in CNX 500 index returns which is India's first broad based benchmark of the Indian capital market.