MATEC Web Conf.
Volume 267, 20192018 2nd AASRI International Conference on Intelligent Systems and Control (ISC 2018)
|Number of page(s)||5|
|Section||Management Science and Engineering|
|Published online||11 February 2019|
A Study on the Synergistic Change of Non-ferrous Metal Futures and Stock Prices in China—Based on the Complex System Synergy Degree
Tianjin University of Finance and Economics, China
Based on the synergetics perspective, this paper constructs a composite system of non-ferrous metal futures and stock prices, using MATLAB to analyze the data of 3405 trading days from 2004 to 2018 in China. The empirical results show that non-ferrous metal stock prices are generally more orderly than futures prices in the selected period; the price discovery function of aluminum futures is worse than that of copper and zinc; and the 2008 financial crisis has an indelible negative impact on the coordination of China's non-ferrous metals futures market. Finally, this paper discusses whether there are representative metals in the non-ferrous metal market, and makes a brief summary.
© The Authors, published by EDP Sciences, 2019
This is an open access article distributed under the terms of the Creative Commons Attribution License 4.0 (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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