Quantifying the Cross-Correlations between Online Market Participation Willingness and Stock Market Dynamics

Table 8

Results of the short-term and long-term scaling exponents for Chinese stock market volume.


	SME-YSI		SSE50-YSI		CSI300-YSI		GME-YSI
	Short	Long	Short	Long	Short	Long	Short	Long

−10	0.870	0.606	0.916	0.756	0.980	0.755	0.884	0.541
−9	0.863	0.596	0.907	0.747	0.969	0.746	0.876	0.533
−8	0.855	0.585	0.898	0.736	0.955	0.736	0.868	0.523
−7	0.845	0.572	0.886	0.722	0.939	0.723	0.859	0.512
−6	0.834	0.555	0.872	0.705	0.919	0.707	0.847	0.498
−5	0.822	0.534	0.856	0.685	0.894	0.688	0.834	0.482
−4	0.808	0.507	0.838	0.659	0.868	0.664	0.818	0.461
−3	0.792	0.476	0.816	0.629	0.837	0.635	0.800	0.438
−2	0.774	0.441	0.793	0.596	0.805	0.602	0.780	0.412
−1	0.755	0.407	0.768	0.563	0.774	0.570	0.758	0.387
0	0.734	0.378	0.743	0.534	0.745	0.542	0.734	0.365
1	0.711	0.359	0.716	0.511	0.719	0.519	0.709	0.349
2	0.686	0.348	0.689	0.493	0.695	0.499	0.684	0.338
3	0.663	0.342	0.664	0.478	0.672	0.482	0.661	0.332
4	0.641	0.339	0.639	0.466	0.649	0.467	0.639	0.328
5	0.621	0.337	0.619	0.455	0.629	0.454	0.620	0.327
6	0.603	0.335	0.601	0.446	0.612	0.443	0.604	0.326
7	0.589	0.334	0.586	0.438	0.596	0.433	0.589	0.325
8	0.576	0.333	0.573	0.431	0.583	0.424	0.577	0.324
9	0.566	0.331	0.563	0.425	0.571	0.416	0.567	0.324
10	0.557	0.330	0.554	0.419	0.561	0.409	0.557	0.323
	0.313	0.276	0.362	0.337	0.419	0.346	0.327	0.218

This table reports the short-term and long-term scaling exponents between the volume of four stock market indices and market participation willingness with varying from −10 to 10. is the multifractality degree. “Short” denotes and “Long” the .

Complexity

Quantifying the Cross-Correlations between Online Market Participation Willingness and Stock Market Dynamics

Table 8