Universality in the stock exchange

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dc.creatorGonçalves, Rui
dc.creatorPinto, Alberto
dc.date2008-10-14
dc.date2009-03-13
dc.date.accessioned2026-07-07T12:51:46Z
dc.date.available2026-07-07T12:51:46Z
dc.descriptionWe analyze the constituents stocks of the Dow Jones Industrial Average (DJIA30) and the Standard & Poor's 100 index (S&P100) of the NYSE stock exchange market. Surprisingly, we discover the data collapse of the histograms of the DJIA30 price fluctuations and of the S&P100 price fluctuations to the universal non-parametric Bramwell-Holdsworth-Pinton (BHP) distribution. Since the BHP probability density function appears in several other dissimilar phenomena, our result reveals an universal feature of the stock exchange market.
dc.description9 pages, 4 figures
dc.identifierhttps://arxiv.org/abs/0810.2508
dc.identifierhttp://arxiv.org/abs/0810.2508
dc.identifier.urihttp://salesiana.dossiersoluciones.com/handle/123456789/223098
dc.subjectStatistical Finance
dc.subjectData Analysis, Statistics and Probability
dc.subjectPhysics and Society
dc.titleUniversality in the stock exchange
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