Application of Fractal Geometry in Studies of the Bulgarian Financial Market Cover Image

Анализ на българския финансов пазар, посредством приложението на фракталната геометрия
Application of Fractal Geometry in Studies of the Bulgarian Financial Market

Author(s): Petar Rangelov
Subject(s): Economy, Financial Markets
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: fractal process; fractal dimension; Hurst exponent

Summary/Abstract: The present study presents and summarizes in a condensed manner the basic postulates and concepts arising from the principles and ideas of fractal geometry, applied in the field of behavior and dynamics of financial markets. A comparative analysis has been made between the classic financial and statistical indicators for measuring and summarizing a certain state of the financial system, on one hand, and the main quantitative parameters resulting from the fractal analysis, on the other. In the last part, an analysis and test for fractality of the Bulgarian financial market has been made represented by the main stock index – SOFIX.

  • Issue Year: 29/2023
  • Issue No: 2
  • Page Range: 81-98
  • Page Count: 18
  • Language: Bulgarian