Show simple item record

dc.contributor.authorLópez García, María Nieves
dc.contributor.authorSánchez Granero, Miguel Ángel
dc.contributor.authorTrinidad Segovia, Juan Evangelista
dc.contributor.authorPuertas López, Antonio Manuel
dc.contributor.authorNieves López, Francisco Javier de las
dc.date.accessioned2020-09-02T10:44:29Z
dc.date.available2020-09-02T10:44:29Z
dc.date.issued2020-08-29
dc.identifier.issn1099-4300
dc.identifier.urihttp://hdl.handle.net/10835/8411
dc.description.abstractOne of the main contributions of the Capital Assets Pricing Model (CAPM) to portfolio theory was to explain the correlation between assets through its relationship with the market index. According to this approach, the market index is expected to explain the co-movement between two different stocks to a great extent. In this paper, we try to verify this hypothesis using a sample of 3.000 stocks of the USA market (attending to liquidity, capitalization, and free float criteria) by using some functions inspired by cooperative dynamics in physical particle systems. We will show that all of the co-movement among the stocks is completely explained by the market, even without considering the market beta of the stocks.es_ES
dc.language.isoenes_ES
dc.publisherMDPIes_ES
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 Internacional*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjecteconophysicses_ES
dc.subjectcollective motiones_ES
dc.subjectfinancees_ES
dc.subjectstock marketes_ES
dc.subjectcapital assets pricing modeles_ES
dc.titleA New Look on Financial Markets Co-Movement through Cooperative Dynamics in Many-Body Physicses_ES
dc.typeinfo:eu-repo/semantics/articlees_ES
dc.relation.publisherversionhttps://www.mdpi.com/1099-4300/22/9/954es_ES
dc.rights.accessRightsinfo:eu-repo/semantics/openAccesses_ES


Files in this item

This item appears in the following Collection(s)

Show simple item record

Attribution-NonCommercial-NoDerivatives 4.0 Internacional
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivatives 4.0 Internacional