Cross-Market Infection Research on Stock Herding Behavior Based on DGC-MSV Models and Bayesian Network

Table 1

Descriptive statistics.

	SP	Nasdaq	SSE	SZSE	HSI	FTSE	CAC	DAX	NIKKEI
Mean	0.220419	0.30801	0.119385	0.057389	0.10411	0.084644	0.143824	0.185196	0.271633
Median	0.334225	0.504645	0.329614	0.248445	0.387111	0.051609	0.202949	0.249698	0.366232
Maximum	4.39981	4.612395	7.701288	9.35729	6.904966	5.385454	6.90814	5.873106	7.37504
Minimum	−6.282521	−5.916395	−19.34068	−20.0671	−7.576548	−5.242531	−6.365694	−6.209268	−8.729473
Std. dev.	1.29829	1.56905	2.79624	3.325197	1.968868	1.529423	1.917783	2.009933	2.309185
Skewness	−0.979637	−0.780228	−1.82048	−1.668393	−0.507765	−0.237729	−0.22026	−0.361229	−0.692988
Kurtosis	7.232388	5.052937	12.70377	10.73481	4.283352	4.400866	4.286262	3.588966	5.342746
Jarque–Bera	254.678	77.85544	1257.706	830.8407	31.35835	25.62351	21.64318	10.17253	86.75158