Network Topology of Renewable Energy Sector in Stock Exchange

In today's global economy, the most prominent position clean energy is basically viewed as the highest-speed growing branch. Sustainable energy, perpetual climate change, and technological advancements are the reasons from which this foreground position results from. Regarding the debate of...

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Main Authors: Mansooreh Kazemilari, Ali Mohamadi, Abbas Mardani, Dalia Streimikiene
Format: Article
Language:English
Published: University of Montenegro - Faculty of Economics Podgorica 2018-06-01
Series:Montenegrin Journal of Economics
Subjects:
Online Access:http://www.mnje.com/sites/mnje.com/files/167-174_-__kazemilari_mohamadi_mardani_and_dalia.pdf
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author Mansooreh Kazemilari
Ali Mohamadi
Abbas Mardani
Dalia Streimikiene
author_facet Mansooreh Kazemilari
Ali Mohamadi
Abbas Mardani
Dalia Streimikiene
author_sort Mansooreh Kazemilari
collection DOAJ
description In today's global economy, the most prominent position clean energy is basically viewed as the highest-speed growing branch. Sustainable energy, perpetual climate change, and technological advancements are the reasons from which this foreground position results from. Regarding the debate of effects of pollution and the importance of the alternative fuels, the more awareness people improve, the more interested they are to invest in clean energy. This paper brings to a focus the inspection of clean energy and the way any market would analysis the influential stocks which have an effect on the other. In this regard, correlation network approach has extensively applied to explore the financial markets properties. In econophysics, technical topology network is defined for analyzing the interaction between stocks to find significant implications to optimize the portfolio. Network topology shows the physical layout of a network. It refers to the way in which per stock is located and interconnected to other stocks. This study analyse the topological properties of network on a set of 62 stocks in renewable energy companies from 30th February 2015 to 3th March 2016 to aid to the interpretation of relationships in the network structure and find influencing stocks.
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spelling doaj.art-ad489b9b7ecd42ea800e565b7bb60e592022-12-21T22:37:56ZengUniversity of Montenegro - Faculty of Economics PodgoricaMontenegrin Journal of Economics1800-58451800-66982018-06-0114216717410.14254/1800-5845/2018.14-2.11Network Topology of Renewable Energy Sector in Stock ExchangeMansooreh KazemilariAli MohamadiAbbas MardaniDalia StreimikieneIn today's global economy, the most prominent position clean energy is basically viewed as the highest-speed growing branch. Sustainable energy, perpetual climate change, and technological advancements are the reasons from which this foreground position results from. Regarding the debate of effects of pollution and the importance of the alternative fuels, the more awareness people improve, the more interested they are to invest in clean energy. This paper brings to a focus the inspection of clean energy and the way any market would analysis the influential stocks which have an effect on the other. In this regard, correlation network approach has extensively applied to explore the financial markets properties. In econophysics, technical topology network is defined for analyzing the interaction between stocks to find significant implications to optimize the portfolio. Network topology shows the physical layout of a network. It refers to the way in which per stock is located and interconnected to other stocks. This study analyse the topological properties of network on a set of 62 stocks in renewable energy companies from 30th February 2015 to 3th March 2016 to aid to the interpretation of relationships in the network structure and find influencing stocks.http://www.mnje.com/sites/mnje.com/files/167-174_-__kazemilari_mohamadi_mardani_and_dalia.pdfTopological network analysisStock marketRenewable energy sector
spellingShingle Mansooreh Kazemilari
Ali Mohamadi
Abbas Mardani
Dalia Streimikiene
Network Topology of Renewable Energy Sector in Stock Exchange
Montenegrin Journal of Economics
Topological network analysis
Stock market
Renewable energy sector
title Network Topology of Renewable Energy Sector in Stock Exchange
title_full Network Topology of Renewable Energy Sector in Stock Exchange
title_fullStr Network Topology of Renewable Energy Sector in Stock Exchange
title_full_unstemmed Network Topology of Renewable Energy Sector in Stock Exchange
title_short Network Topology of Renewable Energy Sector in Stock Exchange
title_sort network topology of renewable energy sector in stock exchange
topic Topological network analysis
Stock market
Renewable energy sector
url http://www.mnje.com/sites/mnje.com/files/167-174_-__kazemilari_mohamadi_mardani_and_dalia.pdf
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AT abbasmardani networktopologyofrenewableenergysectorinstockexchange
AT daliastreimikiene networktopologyofrenewableenergysectorinstockexchange