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

Table 4

Spectral Entropy for the three different datasets, for each of the four similarity cases. For the raw correlation and affinity, the first eigenvalue was removed.

	Raw correlation	Affinity	Partial correlation	Random
S&P	0.2496	0.2315	0.1378	0.8495
DJIA	0.5268	0.3545	0.4336	0.7418
TA	0.0321	0.0042	0.3979	0.7547