RMT Assessments of the Market Latent Information Embedded in the Stocks' Raw, Normalized, and Partial Correlations

Table 3

Spectral Entropy of for the three different datasets, for each of the four similarity cases.

	Raw correlation	Affinity	Partial correlation	Random
S&P	0.0031	0.0020	0.1378	0.8495
DJIA	0.0199	0.0071	0.4336	0.7418
TA	0.0317	0.0041	0.3979	0.7547