کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5103160 1480101 2017 28 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The behaviour of share returns of football clubs: An econophysics approach
ترجمه فارسی عنوان
رفتار بازده سهام باشگاه های فوتبال: رویکرد اقتصادسنجی
موضوعات مرتبط
مهندسی و علوم پایه ریاضیات فیزیک ریاضی
چکیده انگلیسی
Football is a sport that moves thousands of people and millions of euros. Since 1983, several clubs entered the stock markets with shares, and now twenty two clubs are listed in the Stoxx Football Index. In this study, we analyse the behaviour of the return rates of such shares, with Detrended Fluctuation Analysis and Detrended Cross-Correlation Analysis (and its correlation coefficient). With Detrended Fluctuation Analysis, we are able to observe that the shares of several clubs are far from the behaviour of a random walk, which is expected by the theory. Using Detrended Cross-Correlation Analysis, we calculate the cross correlations of clubs' returns with national indexes and then with the Stoxx Football Index. Although almost all of them are positive, they do not seem to be strong.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Physica A: Statistical Mechanics and its Applications - Volume 472, 15 April 2017, Pages 136-144
نویسندگان
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