A Proposed Centrality Measure: The Case of Stocks Traded at Bursa Malaysia

Shamshuritawati Sharif, Maman Abdurachman Djauhari

Abstract


In this paper we propose the average of weights of all links adjacent to each stock as a centrality measure. This measure, besides the traditional centrality measures such as degree centrality, betwenness centrality, closeness centrality and eigenvector centrality will be helpful in interpreting the network topology of stocks markets. A case study of 90 stocks market traded at Bursa Malaysia will be presented and discussed to illustrate the advantage of the proposed measure.


Full Text: PDF DOI: 10.5539/mas.v6n10p62

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Modern Applied Science   ISSN 1913-1844 (Print)   ISSN 1913-1852 (Online)

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