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Table 1 Clustering result with group features

From: Dynamic correlation network analysis of financial asset returns with network clustering

    Beta   
Group id Number of stocks (share, %) TOPIX Exchange rate Company size index Overseas sales ratio
Cyclical 728 (55.0) 1.01 1.08 62.9 50.3
P1 141 (10.6) 0.93 0.93 35.3 47.1
P2 181 (13.7) 0.87 0.92 35.4 36.6
P3 62 (4.7) 1.01 1.16 63.5 34.6
P4 132 (10.0) 0.90 0.95 43.0 42.9
P5 54 (4.1) 1.08 1.19 72.9 61.6
P6 62 (4.7) 1.12 1.15 81.3 66.5
P7 52 (3.9) 1.05 1.10 79.1 50.8
P8 44 (3.3) 1.11 1.21 92.6 61.9
Defensive 596 (45.0) 0.74 0.75 59.1 29.1
P9 164 (12.4) 0.90 0.99 64.6 38.5
P10 75 (5.7) 0.61 0.60 27.3 30.0
P11 92 (6.9) 0.70 0.72 40.8 27.1
P12 118 (8.9) 0.83 0.89 81.5 31.5
P13 62 (4.7) 0.73 0.71 75.6 25.5
P14 85 (6.4) 0.69 0.62 64.8 21.9
  1. Note: Group ids from P1 to P14 are identified in Fig. 1. The major categories of Cyclical and Defensive groups are defined as the result of the first binary division of the whole universe of stocks as described in Fig. 1. The data of the two major categories are group mean values. Beta is calculated by a robust MM-estimator for individual stocks with one factor (TOPIX and US dollar/Japanese yen exchange rate, respectively) linear model as the elasticity of stock price change to the factor change; then, averaged as the group mean value. Company size index is the percentile value of empirical distribution of market capitalization of individual stocks. Overseas sales ratio is simply averaged over stocks which have the data for each group