Effects of Exponential Trends on Correlations of Stock Markets

Table 1

The values of scaling exponents 𝛼 when Δ𝑡=1.

	𝛼−DFA1	𝛼−DFA2	𝛼−DFA3	𝛼−DFA4	𝛼−DFA5
NYSE	0.8152	0.7629	0.7416	0.7201	0.7069
HSI	0.8328	0.7916	0.7696	0.7521	0.7466