我国证券市场的板块联动效应及模糊聚类分析  

Clustering Analysis and Domino Effect of Board Linkage in Chinese Securities Business

作　　者：杜伟锦[1] 何桃富[1] 

机构地区：[1]杭州电子科技大学,浙江杭州310018

出　　处：《商业研究》2005年第22期41-45,共5页Commercial Research

基　　金：浙江省自然科学基金;项目编号:M703715

摘　　要：以上海证券市场的各分类样本指数为研究对象,首先分析了传统的五大类指数、A股、B股之间的相互及其与大盘的关联性,验证了B股市场运行的独立性。然后随机抽样了24个分类板块指数,研究了它们之间的相关性,并运用模糊聚类分析法对其进行了聚类分析。最后根据实证研究结果,对投资者提出有一定参考意义的投资操作建议。This paper analyses the correlation of Shanghai stock exchange index in China country. It holds that except for the share index of B there is a very strong correlationship of them. It analyzes the traditional 8 share indexes, including the share index of A, B, integration, industry; public, business, estate and Shanghai; and then samples 24 board share indexes, according to their correlationship, which account for their board linkage by clustering analysis. The paper concludes that there is a strong domino effect of board linkage in China.

关 键 词：证券市场 指数 板块联动效应 模糊聚类分析 

分 类 号：F830.91[经济管理—金融学]