Fractal Characteristics, Multiple Bubbles, and Jump Anomalies in the Chinese Stock Market

Table 5

LPPL model fitting of the rate of return of CSI 300 index.

Time quantum								Bubble morphology
2005/4–2007/10	0.0293	1.8975	−197.806	7.7938	−0.0530	0.7707	2008/1/8	Bubble
2007/11–2008/10	0.5807	−13.313	−39.9702	7.1852	−0.0599	−0.0048	2008/11/14	Reverse bubble
2008/11–2009/7	0.7520	−17.968	6.7555	8.2478	−0.0156	−0.0014	2009/8/3	Reverse-negative bubble
2009/8–2009/11	0.4599	−35.915	35.430	18.792	−23.903	−0.3169	2009/12/23	—
2009/12–2010/6	0.7557	9.6010	−286.34	8.3643	−10.076	−1.3509	2010/7/11	Reverse bubble
2010/7–2010/10	0.3495	−4.9952	11.372	8.4486	−0.1240	−0.0124	2010/11/18	—
2010/11–2011/12	0.3331	12.362	−52.269	7.6212	−0.0750	0.0068	2012/1/6	Reverse bubble
2012/12–2013/6	0.3769	4.5453	−19.081	8.0244	−0.8004	−0.2039	2013/7/2	—
2014/6–2015/5	0.5504	11.520	−20.875	9.2901	−0.0740	0.0039	2015/6/14	Bubble
2015/6–2015/11	0.0563	−0.4777	339.04	13.263	−24.062	5.3505	2015/12/08	Negative bubble