股票价格分形特征的实证研究:修正R／S分析

摘要

The paper analyzes the fractal structure of China stock markets. Unlike other studies using theclassical R/S analysis, this study applies the modified R/S analysis method to analyze the stock return forthe first time in China. The conclusion shows that though the stock markets have some symptoms of nonnormality, they haven't long-range dependence.