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The recent high level of interest in weighted complex networks gives rise to a need to develop new measures and to generalize existing ones to take the weights of links into account. Here we focus on various generalizations of the…

Statistical Mechanics · Physics 2013-05-29 J. Saramaki , M. Kivela , J. -P. Onnela , K. Kaski , J. Kertesz

Summarized by the efficient market hypothesis, the idea that stock prices fully reflect all available information is always confronted with the behavior of real-world markets. While there is plenty of evidence indicating and quantifying the…

Physics and Society · Physics 2020-12-16 Luiz G. A. Alves , Higor Y. D. Sigaki , Matjaz Perc , Haroldo V. Ribeiro

This paper presents a new approach for analysing structural properties of time series from complex systems. Starting from the concept of recurrences in phase space, the recurrence matrix of a time series is interpreted as the adjacency…

Chaotic Dynamics · Physics 2011-03-03 Reik V. Donner , Y. Zou , Jonathan F. Donges , Norbert Marwan , Juergen Kurths

The time proximity of trades across stocks reveals interesting topological structures of the equity market in the United States. In this article, we investigate how such concurrent cross-stock trading behaviors, which we denote as…

Trading and Market Microstructure · Quantitative Finance 2024-05-14 Yutong Lu , Gesine Reinert , Mihai Cucuringu

Factor models characterize the joint behavior of large sets of financial assets through a smaller number of underlying drivers. We develop a network-based framework in which factors emerge naturally from the structure of interactions among…

Computational Finance · Quantitative Finance 2026-04-15 Jose Negrete , Jaime Joel Ramos

Many natural, engineered, and social systems can be represented using the framework of a layered network, where each layer captures a different type of interaction between the same set of nodes. The study of such multiplex networks is a…

Physics and Society · Physics 2020-05-12 Haochen Wu , Ryan G. James , James P. Crutchfield , Raissa M. D'Souza

The following working document summarizes our work on the clustering of financial time series. It was written for a workshop on information geometry and its application for image and signal processing. This workshop brought several experts…

Statistical Finance · Quantitative Finance 2016-03-28 Gautier Marti , Frank Nielsen , Philippe Donnat , Sébastien Andler

Recent advances in the study of networked systems have highlighted that our interconnected world is composed of networks that are coupled to each other through different "layers" that each represent one of many possible subsystems or types…

Temporal data, obtained in the setting where it is only possible to observe one time point per experiment, is widely used in different research fields, yet remains insufficiently addressed from the statistical point of view. Such data often…

Methodology · Statistics 2025-03-10 Polina Arsenteva , Mohamed Amine Benadjaoud , Hervé Cardot

In complex systems, events occur at irregular intervals that inherently encode the underlying dynamics of the system. Analyzing the temporal clustering of these events reveals critical insights into the non-random patterns and the temporal…

Data Analysis, Statistics and Probability · Physics 2026-03-20 Ambedkar Sanket Sukdeo , K. Shri Vignesh , Sachin S. Gunthe , T Narayan Rao , Amit Kumar Patra , R. I. Sujith

The community structure of complex networks reveals both their organization and hidden relationships among their constituents. Most community detection methods currently available are not deterministic, and their results typically depend on…

Physics and Society · Physics 2012-03-29 Andrea Lancichinetti , Santo Fortunato

Multidimensional time series clustering is an important problem in time series data analysis. This paper provides a new research idea for the behavioral analysis of financial markets, using the intrinsic correlation existing between…

Computational Engineering, Finance, and Science · Computer Science 2022-09-27 Pei Dehao

Dynamic multilayer networks are frequently used to describe the structure and temporal evolution of multiple relationships among common entities, with applications in fields such as sociology, economics, and neuroscience. However,…

Methodology · Statistics 2026-04-06 Runshi Tang , Runbing Zheng , Anru R. Zhang , Carey E. Priebe

We aim to cluster financial assets in order to identify a small set of stocks to approximate the level of diversification of the whole universe of stocks. We develop a data-driven approach to clustering based on a correlation blockmodel in…

Portfolio Management · Quantitative Finance 2021-08-16 Wenpin Tang , Xiao Xu , Xun Yu Zhou

Community detection, which focuses on clustering nodes or detecting communities in (mostly) a single network, is a problem of considerable practical interest and has received a great deal of attention in the research community. While being…

Machine Learning · Statistics 2017-11-07 Soumendu Sundar Mukherjee , Purnamrita Sarkar , Lizhen Lin

Roughly speaking, clustering evolving networks aims at detecting structurally dense subgroups in networks that evolve over time. This implies that the subgroups we seek for also evolve, which results in many additional tasks compared to…

Social and Information Networks · Computer Science 2014-01-16 Tanja Hartmann , Andrea Kappes , Dorothea Wagner

Many real-world complex systems are well represented as multilayer networks; predicting interactions in those systems is one of the most pressing problems in predictive network science. To address this challenge, we introduce two stochastic…

Physics and Society · Physics 2019-04-03 Marc Tarres-Deulofeu , Antonia Godoy-Lorite , Roger Guimera , Marta Sales-Pardo

Stock networks, constructed from stock price time series, are a well-established tool for the characterization of complex behavior in stock markets. Following Mantegna's seminal paper, the linear Pearson's correlation coefficient between…

Statistical Finance · Quantitative Finance 2018-06-27 David Hartman , Jaroslav Hlinka

We construct a correlation matrix based financial network for a set of New York Stock Exchange (NYSE) traded stocks with stocks corresponding to nodes and the links between them added one after the other, according to the strength of the…

Physics and Society · Physics 2007-05-23 G. Tibely , J. -P. Onnela , J. Saramaki , K. Kaski , J. Kertesz

Financial organisations such as brokers face a significant challenge in servicing the investment needs of thousands of their traders worldwide. This task is further compounded since individual traders will have their own risk appetite and…

Statistical Finance · Quantitative Finance 2024-07-01 Wojciech Wisniewski , Yuri Kalnishkan , David Lindsay , Siân Lindsay