Using Correlation Structure to Analyse Relation between ETFs with Particular Index as an Underlying and These Indices
Using Correlation Structure to Analyse Relation between ETFs with Particular Index as an Underlying and These Indices

Author(s): Dagmar Linnertová
Subject(s): Methodology and research technology, Financial Markets
Published by: Masarykova univerzita nakladatelství
Keywords: ETF; network structure; index; correlation; graph theory;
Summary/Abstract: The paper examines dependability and connectedness in the world ETFs market. Respectively, what are similarities and differences between world indices and particular index ETFs. The usage of network structure helps to fully identify relation between particular ETFs and indices that represent the underlying assets of these ETFs.

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