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Correlation Based Clustering of the Amman Stock Exchange

Year 2017, Volume: 7 Issue: 2, 259 - 265, 01.06.2017

Hussein A. Abdoh

https://izlik.org/JA26PP89KJ

Abstract

This study classifies firms listed on Amman Stock Exchange (ASE) into clusters based on Pairwise stock correlations. The partitioning level technique is based on the decrease in firms’ concertation in their clusters when one additional cluster is created. The results indicate that five and nine clusters lower the concentration significantly and thus are selected as the grouping levels. The concentration of firms in some clusters is very low while the concentration in other clusters is very high. The clustering outcome indicates that ASE could be characterized by high R square and return synchronicity.

Keywords

Clusters pairwise return correlations Diversification

Year 2017, Volume: 7 Issue: 2, 259 - 265, 01.06.2017

Hussein A. Abdoh

https://izlik.org/JA26PP89KJ

Abstract

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Details

Other ID JA47GB95CM
Authors

Hussein A. Abdoh This is me

Publication Date June 1, 2017
IZ https://izlik.org/JA26PP89KJ
Published in Issue Year 2017 Volume: 7 Issue: 2

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APA Abdoh, H. A. (2017). Correlation Based Clustering of the Amman Stock Exchange. International Journal of Economics and Financial Issues, 7(2), 259-265. https://izlik.org/JA26PP89KJ
AMA 1.Abdoh HA. Correlation Based Clustering of the Amman Stock Exchange. IJEFI. 2017;7(2):259-265. https://izlik.org/JA26PP89KJ
Chicago Abdoh, Hussein A. 2017. “Correlation Based Clustering of the Amman Stock Exchange”. International Journal of Economics and Financial Issues 7 (2): 259-65. https://izlik.org/JA26PP89KJ.
EndNote Abdoh HA (June 1, 2017) Correlation Based Clustering of the Amman Stock Exchange. International Journal of Economics and Financial Issues 7 2 259–265.
IEEE [1]H. A. Abdoh, “Correlation Based Clustering of the Amman Stock Exchange”, IJEFI, vol. 7, no. 2, pp. 259–265, June 2017, [Online]. Available: https://izlik.org/JA26PP89KJ
ISNAD Abdoh, Hussein A. “Correlation Based Clustering of the Amman Stock Exchange”. International Journal of Economics and Financial Issues 7/2 (June 1, 2017): 259-265. https://izlik.org/JA26PP89KJ.
JAMA 1.Abdoh HA. Correlation Based Clustering of the Amman Stock Exchange. IJEFI. 2017;7:259–265.
MLA Abdoh, Hussein A. “Correlation Based Clustering of the Amman Stock Exchange”. International Journal of Economics and Financial Issues, vol. 7, no. 2, June 2017, pp. 259-65, https://izlik.org/JA26PP89KJ.
Vancouver 1.Hussein A. Abdoh. Correlation Based Clustering of the Amman Stock Exchange. IJEFI [Internet]. 2017 Jun. 1;7(2):259-65. Available from: https://izlik.org/JA26PP89KJ