?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.title=On+Stock+Market+Dynamics+through+Ultrametricity+of+Minimum+Spanning+Tree&rft.creator=Situngkir%2C+Hokky&rft.creator=Surya%2C+Yohanes&rft.subject=Statistical+Models&rft.description=We+analyze+the+evolving+price+%C2%B0uctuations+by+using+ultrametric+distance+of+minimally+spanning+%C2%AFnancial+tree+of+stocks+traded+in+Jakarta+Stock+Exchange+2000-2004.+Ultrametricity+is+derived+from+transformation+of+correlation+coe%C2%B1cients+into+the+distances+among+stocks.+Our+analysis+evaluates+the+performance+of+ups+and+downs+of+stock+prices+and+discovers+the+evolution+towards+the+%C2%AFnancial+and+economic+stabilization+in+Indonesia.+This+is+partly+recognized+by+mapping+the+hierarchical+trees+upon+the+realization+of+liquid+and+illiquid+stocks.+We+remind+that+the+methodology+is+useful+in+two+terms%3A+the+evaluation+of+spectral+market+movements+and+intuitively+understanding+for+portfolio+management+purposes.&rft.date=2005&rft.type=Departmental+Technical+Report&rft.type=PeerReviewed&rft.format=application%2Fpdf&rft.identifier=http%3A%2F%2Fcogprints.org%2F4357%2F1%2F2005h.pdf&rft.identifier=++Situngkir%2C+Hokky+and+Surya%2C+Yohanes++(2005)+On+Stock+Market+Dynamics+through+Ultrametricity+of+Minimum+Spanning+Tree.++%5BDepartmental+Technical+Report%5D+++++&rft.relation=http%3A%2F%2Fcogprints.org%2F4357%2F