Complex network analysis of global stock market co-movement during the COVID-19 pandemic based on intraday open-high-low-close data

Huang, Wenyang; Wang, Huiwen; Wei, Yigang; Chevallier, Julien

doi:10.1186/s40854-023-00548-5

Financial Innovation

Table 12 Eigenvector centrality ranking in 2017 to 2022

From: Complex network analysis of global stock market co-movement during the COVID-19 pandemic based on intraday open-high-low-close data

Rank	Country/region	2017	2018	2019	2020	2021	2022	Average	Continent	Segment
1	Chile	1	11	7	5	15	16	9.17	Emerging	South America
2	Portugal	22	7	4	20	1	5	9.83	Emerging	Europe
3	Sweden	2	6	1	23	21	9	10.33	Developed	Europe
4	Ireland	17	3	9	11	3	26	11.50	Developed	Europe
5	Austria	20	8	3	13	4	22	11.67	Developed	Europe
6	The United Kingdom	23	1	2	6	6	36	12.33	Developed	Europe
7	Brazil	12	19	12	7	11	14	12.50	Emerging	South America
7	Poland	6	17	14	28	2	8	12.50	Emerging	Europe
9	Finland	9	15	10	27	22	1	14.00	Developed	Europe
10	Czech	8	14	8	33	10	13	14.33	Emerging	Europe
11	Norway	7	10	5	34	8	34	16.33	Developed	Europe
12	Mexico	5	20	31	1	27	15	16.50	Emerging	North America
13	Argentina	18	25	19	2	25	20	18.17	Emerging	South America
14	Luxembourg	15	12	13	16	12	46	19.00	Developed	Europe
14	Greece	29	13	24	17	8	23	19.00	Emerging	Europe
16	Russia	28	9	16	18	14	32	19.50	Emerging	Europe
17	Belgium	14	34	20	31	16	4	19.83	Developed	Europe
18	The United States	27	18	25	3	29	19	20.17	Developed	North America
19	Denmark	11	5	11	21	45	29	20.33	Developed	Europe
20	South Africa	3	2	6	60	49	3	20.50	Developed	Africa
21	Switzerland	13	27	36	19	24	7	21.00	Developed	Europe
22	India	16	28	26	36	6	24	22.67	Emerging	Asia
23	Netherlands	21	29	18	14	32	28	23.67	Developed	Europe
24	France	25	23	27	12	33	25	24.17	Developed	Europe
25	Singapore	36	22	38	30	5	17	24.67	Developed	Asia
25	Israel	19	16	28	37	18	30	24.67	Developed	Asia
26	Hungary	48	4	17	25	13	59	27.67	Emerging	Europe
28	Italy	10	38	34	8	26	51	27.83	Developed	Europe
29	Germany	24	36	30	15	34	33	28.67	Developed	Europe
29	New Zealand	4	43	41	51	31	2	28.67	Developed	Oceania
31	Spain	26	35	29	10	35	38	28.83	Developed	Europe
32	The United Arab Emirates	45	30	21	32	19	35	30.33	Emerging	Asia
33	Thailand	40	33	32	45	23	11	30.67	Emerging	Asia
34	Canada	30	42	37	4	44	44	33.50	Developed	North America
35	Turkey	56	26	49	24	36	18	34.83	Emerging	Europe
36	Saudi Arabia	51	40	22	40	20	43	36.00	Emerging	Asia
37	Taiwan	39	21	23	50	49	37	36.50	Emerging	Asia
38	Japan	32	37	50	43	30	31	37.17	Developed	Asia
39	Malaysia	38	32	33	55	41	27	37.67	Emerging	Asia
40	Indonesia	43	31	43	38	38	47	40.00	Emerging	Asia
41	Hong Kong	33	44	15	58	49	45	40.67	Developed	Asia
42	Bulgaria	35	48	55	52	49	6	40.83	Frontier	Europe
43	Philippines	37	39	42	44	39	49	41.67	Emerging	Asia
44	Ukraine	31	59	64	29	47	21	41.83	Emerging	Europe
45	Estonia	53	53	46	42	49	12	42.50	Frontier	Europe
45	Vietnam	46	46	35	48	40	42	42.83	Frontier	Asia
47	Egypt	57	51	58	22	17	53	43.00	Emerging	Africa
48	China	34	41	44	54	37	50	43.33	Emerging	Asia
49	South Korea	50	45	40	46	42	39	43.67	Developed	Asia
50	Australia	44	63	48	35	28	48	44.33	Developed	Oceania
51	Slovenia	49	49	54	41	49	41	47.17	Frontier	Europe
52	Croatia	52	47	59	68	49	10	47.50	Frontier	Europe
53	Romania	54	24	39	57	49	63	47.67	Frontier	Europe
54	Venezuela	58	56	67	9	48	55	48.83	Emerging	North America
55	Pakistan	41	50	47	53	49	54	49.00	Emerging	Asia
56	Lebanon	47	57	69	26	46	52	49.50	Frontier	Asia
57	Nigeria	67	52	60	39	43	61	53.67	Frontier	Africa
58	Qatar	61	67	45	47	49	58	54.50	Emerging	Asia
59	Serbia	42	66	68	70	49	40	55.83	Frontier	Europe
59	Kuwait	60	62	52	49	49	68	56.67	Emerging	Asia
61	Peru	64	68	56	56	49	57	58.33	Emerging	South America
62	Morocco	55	54	70	65	49	62	59.17	Frontier	Africa
63	Kenya	69	61	53	59	49	66	59.50	Frontier	Africa
63	Tunisia	59	55	63	62	49	69	59.50	Frontier	Africa
65	Jordan	70	58	57	69	49	60	60.50	Frontier	Asia
65	Sri Lanka	62	60	65	61	49	67	60.67	Frontier	Asia
67	Mauritius	68	64	66	63	49	56	61.00	Frontier	Africa
68	Colombia	65	65	51	67	49	70	61.17	Emerging	South America
69	Kazakhstan	63	69	61	66	49	64	62.00	Frontier	Asia
70	Bahrain	66	70	62	64	49	65	62.67	Frontier	Asia

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