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Abstract: We analyze the constituents stocks of the Dow Jones Industrial AverageDJIA30 and the Standard and Poor-s 100 index SandP100 of the NYSE stockexchange market. Surprisingly, we discover the data collapse of the histogramsof the DJIA30 price fluctuations and of the SandP100 price fluctuations to theuniversal non-parametric Bramwell-Holdsworth-Pinton BHP distribution. Sincethe BHP probability density function appears in several other dissimilarphenomena, our result reveals an universal feature of the stock exchangemarket.



Autor: Rui Gonçalves, Alberto Pinto

Fuente: https://arxiv.org/







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