Quantifying the Information Flow between Ghana Stock Market Index and Its Constituents Using Transfer Entropy

<div>Effective transfer entropy (ETE) estimates together with 95% confidence bounds for 32 stocks listed on GSE. Both ends of each line segment enclose the ETE within 95% confidence bounds. A lower end of the line below zero ETE indicates insignificant information flow from either direction at 5% level of significance.</div>

Mathematical Problems in Engineering

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Figure 1

Figure 1: Quantifying the Information Flow between Ghana Stock Market Index and Its Constituents Using Transfer Entropy 