Building a dynamic correlation network for fat-tailed financial asset returns

Applied Network Science

Table 5 Stress events for the dynamic comparative analysis

Trading date	Event	Transportation	Banking
		equipment
15/10/2008	Lehman collapse	A	A
1/12/2009	Monetary policy change	-	C
15/3/2011	Great Earthquake	B	B

Note: The Lehman collapse and Great Earthquake are selected as global (market-wide) stress events that increased the volatility of many stocks significantly; the monetary policy change event is selected as the banking sector-specific ones identified by the clear hike in the cosine distance shown in Fig. 2 b. The marks A, B, and C are identifiers of events referred to in the figures hereafter.