We explore discrepancies in financial networks, focusing on sector-based exchange-traded funds, through an in-depth analysis using statistical measures to validate interdependencies. By adopting methodologies such as the Minimum Spanning Tree, Average Linkage Minimum Spanning Tree, p-value-based networks, and Planar Maximally Filtered Graph, we investigate price-based discrepancies to uncover underlying network structures within financial data. Our key contribution is showing how employing a variety of measures and network analyses can offer diverse insights into financial markets. This approach enhances our understanding of market dynamics and provides a comprehensive framework for examining the intricate web of relationships that underpin the financial market.
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