Empirical Study on the Fractal Structure of China Stock Market Based on R/S Analysis

This paper, taking the daily profitability of China stock market as an example, is an empirical study of the fractal structure of China stock market based on R/S analysys. Through fitting of R/S double logarithmic curve and V statistics, it gets the conclusion that the returns serial in China stock market is not normal distritution and displays fractal structure characteristics. This character provides an empirical study basis for understanding the sustainability and cycle of profitacility in China stock market.