Statistics of extreme events in Chinese stock markets

We investigate the impact of financial factors on daily volume recurrent time intervals in the developing Chinese stock markets. The tails of probability distribution functions(PDFs) of volume recurrent intervals behave as a power-law, and the scaling exponent decreases with the increase of stock lifetime, which are similar to those in the US stock markets, and they are typical representatives of developed markets. The difference is that the power-law exponent values remain almost the same with the changes of market capitalization, mean volume, and mean trading value, respectively. These findings enrich the results for event statistics for financial markets.     

A uniform framework of projection and community detection for one-mode network in bipartite networks

Projection is a widely used method in bipartite networks. However, each projection has a specific application scenario and differs in the forms of mapping for bipartite networks. In this paper, inspired by the network-based information exchange dynamics, we propose a uniform framework of projection. Subsequently, an information exchange rate projection based on the nature of community structures of a network(named IERCP) is designed to detect community structures of bipartite networks. Results from the synthetic and real-world networks show that the IERCP algorithm has higher performance compared with the other projection methods. It suggests that the IERCP may extract more information hidden in bipartite networks and minimize information loss.