This paper is based on the perspective of financial
physics, using the cumulative distribution of yield to explore the law and characteristics
of the whole system of Chinese capital market in bull market and bear market,
and find that in the bull market, return
distribution is from
aggregation to dispersion, while
in bear market, return
distribution being from
dispersion to aggregation.
Cite this paper
Li, J. (2018). Ups and Downs of the Stock Market and the Evolution of the Return Distribution. Open Access Library Journal, 5, e4289. doi: http://dx.doi.org/10.4236/oalib.1104289.
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