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Table 2 Business sector breakdown of identified groups (top three sectors)

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

Sector breakdown (share %)
Group id   (a)   (b)   (c) (a+b+c)
Cyclical
 P1 Electric appliances 17 Services 12 Machinery 10 39
 P2 Construction 18 Machinery 13 Wholesale trade 10 41
 P3 Securities 21 Other financial business 13 Real estate 11 45
 P4 Electric appliances 20 Chemicals 18 Wholesale trade 16 54
 P5 Transportation equipment 39 Electric appliances 20 Machinery 11 70
 P6 Electric appliances 47 Machinery 23 Chemicals 10 80
 P7 Chemicals 19 Iron and steel 17 Nonferrous metals 13 49
 P8 Electric appliances 30 Transportation equipment 18 Chemicals 9 57
Defensive
 P9 Banks 26 Construction 11 Chemicals 9 46
 P10 Retail trade 19 Information and communication 17 Wholesale trade 17 53
 P11 Retail trade 17 Wholesale trade 16 Foods 8 41
 P12 Information and communication 17 Foods 15 Retail trade 14 46
 P13 Electric power and gas 26 Pharmaceutical 16 Foods 15 57
 P14 Retail trade 53 Services 19 Information and communication 8 80
  1. Note: Only the three largest sectors are listed for each group. The standard business sector classification comprises 33 industrial sectors, which is widely used as the standard sector classification in Japan